Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.

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Aurcana Silver Corp > Director Resignation

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Comment by andre171on Jun 25, 2022 10:01am

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Post# 34782209

RE:Director Resignation

Roxstar wrote: When two directors who are also major shareholders resign on the final day of a standstill agreement with the company bankers, it means that they no longer believe they can add value to the discussion. This does not bode well for shareholders. I expect a sell down to near nothing on Monday in advance of the bank taking control of the company. Shareholders have lost everything here and the bank will now move to dispose of the asset to a new group.

I agree with you. The resignations of Kaplan and Rothstein are a very bad omen. After the departures of Briggs and then Linsey, isn't this the beginning of the dismantling? It is likely that shareholders should no longer hope for a favorable solution for them, what do you think?

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