|Tue Apr 5, 2011|
Aurcana Announces Approval on Amended Convertible Debenture Terms
|Aurcana Corporation ("Aurcana" or the "Company") announces the TSX Venture Exchange has approved the restructure of the terms of the $10,000,000 convertible debenture held by Silver Standard Resources Inc. as described in its news release of March 25, 2011.|
The Company wishes to advise Mr. Ron Netolitzky has resigned as director as of April 1, 2011. The board of directors of the Company thanks him for his years of service and wishes him the best in his future endeavours.
About Aurcana Corporation:
Aurcana is committed to become a mid-tier silver producer. Annualized pure silver production is on schedule to exceed 5 million ounces (6.0 million ounces silver equivalent) by year 2012.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Lenic Rodriguez", President and C.E.O.
For further information, visit the website at www.aurcana.com:
P: (604) 331-9333 TF: (866) 532-9333 F: (604) 633-9179 E: email@example.com
Caution Regarding Forward-Looking Statements -- This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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