Aurcana Corporation Announces Court Approval of Restructuring Transaction

Vancouver, BC, November 16, 2015 – Aurcana Corporation (TSX VENTURE:AUN) (the “Company” or “Aurcana”) announces that on Friday, November 13, 2015, the Ontario Superior Court of Justice (the “Court”) approved the restructuring transaction previously 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 pursuant to proceedings under the Canada Business Corporations Act (the “CBCA Proceedings”) commenced and announced by the Company on October 30, 2015.


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