|Tue Jun 27, 2006|
Aurcana Completes Full Exercise Of Warrants
|Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce further to its news release of May 23, 2006, all 12,246,300 warrants have been exercised in connection with the accelerated expiry of the warrants at a price of $0.25 per share, for 12,246,300 common shares and net proceeds of $3,061,575.|
The Company's management would like to express its appreciation for the support provided to the Company by the warrant holders through the exercise of these warrants.
The Company also advises that it has terminated its option on the La Virgen property, Zacatecas State, Mexico and has no further obligations to the underlying property owner under the option agreement.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please contact:
Ken Booth, President
Phone: (604) 331-9333
Web site: www.aurcana.com
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.
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