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News Releases
| Fri Feb 9, 2007 Penoles Accepts Shares for Final Payment | |
| Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce that it has reached an agreement to amend the terms of the original purchase agreement to acquire the La Negra Mine from Industrias Penoles, SA de CV ("Penoles"). Subject to the approval of the TSX Venture Exchange, the Company may pay the remaining and final payment to Penoles totalling US$1,000,000 by the issuance of 1,114,631 common shares of the Company. The number of shares have been calculated in accordance with the "Discounted Market Price" as defined in the TSX Venture Exchange Policy 1.1. ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION "Ken Booth", President For further information, please contact: Ken Booth, President or Colin Farr, Investor Relations Aurcana Corporation 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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