- Aurcana Silver Corp. (AUN) has closed the second and final tranche of a non-brokered private placement
- The first tranche consisted of 15,137,142 units for gross proceeds of $5.298 million
- The second tranche consisted of 1,926,857 units for gross proceeds of $674,399.95
- The net proceeds will provide contingency funding for the restart of the company’s wholly owned Revenue Virginius (RV) Mine
- Aurcana owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas
- Shares of Aurcana Silver Corporation (AUN) is up 6.91 per cent, trading at C$0.31
Aurcana Silver Corp. (AUN) has closed the second and final tranche of a non-brokered private placement.
The first tranche consisted of 15,137,142 units for gross proceeds of $5.298 million
The second tranche consisted of 1,926,857 units for gross proceeds of $674,399.95.
The first and second tranches combined consist of a total of 17,064,928 units for aggregate gross proceeds of $5,972,724.80.
Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of C0.525 for a period of 36 months following the closing of the offering.
The net proceeds will provide contingency funding for the restart of the company’s wholly-owned Revenue Virginius (RV) Mine as well as funding for growth of the resource base at the RV Mine.
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas.
Shares of Aurcana Silver Corporation (AUN) is up 6.91 per cent, trading at C$0.31.
