VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 27, 2017) – Aurcana Corporation (TSX:AUN) (“Aurcana” or the “Company”) is pleased to announce that it has completed its non-brokered private placement (the “Offering”) announced on February 13, 2017 and increased on February 14, 2017, and issued an aggregate of 11,529,013 units (each a “Unit”) at a purchase price of $0.30 per Unit, raising gross proceeds of $3,458,704. Each Unit consists of one common share (a “Common Share”) and one transferable common share purchase warrant (a “Warrant”) of Aurcana. Each Warrant will be exercisable to acquire one additional Common Share at an exercise price of $0.45 until February 27, 2020.
