VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 14, 2017) – Aurcana Corporation (TSX VENTURE:AUN) (“Aurcana” or the “Company”) is pleased to announce that due to positive investor response, it will increase the size of its non-brokered private placement offering (the “Offering”) that was announced in a February 13, 2017 news release. The Offering will now consist of the issuance of up to 12,000,000 units (each, a “Unit”) at a price of $0.30 per Unit, for gross proceeds of up to $3,600,000. Each Unit will consist of one common share in the capital of the Company (each a “Share”) and one transferable common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of $0.45 per Share for a term of three years from the closing date of the Offering. A finder’s fee or commission may be paid on part of the Offering.
