http://www.aurcana.com/news/2015/index.php?&content_id=384

Vancouver, BC, October 30, 2015 – Aurcana Corporation (TSX VENTURE:AUN) (the “Company” or “Aurcana”) announces that it is today commencing proceedings under the Canada Business Corporations Act (the “CBCA Proceedings”) to implement the restructuring transaction announced by the Company on October 16, 2015 (the “Restructuring Transaction”) under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P. (the “Lender”), as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014 (the “Facility”), will be extinguished.