Aurcana (TSXV: AUN) (OTC: AUNFF) Announces Pending Closing of Previously Announced Non-Brokered Private Placement with Lead Order from Palisades Goldcorp Oversubscribed Placement of up to C$34.5 Million NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia - January 27, 2021 (Investorideas.com Newswire) Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN) is pleased to announce the closing of the non-brokered private placement offering (the "Private Placement") announced on January 6, 2021, subject to receipt of approval from the TSX Venture Exchange. The Private Placement was significantly oversubscribed and Aurcana elected to increase the size of the Private Placement to up to 34,500,000 Units (C$34,500,000) at a price of C$1.00 per Unit (the "Units"). Palisades Goldcorp Ltd. participated with a lead order of C$5.0 million, marking Palisades Goldcorp's 4th participation as an Aurcana lead order since February 2020. Closing is expected to take place on January 27th or shortly thereafter.