Aurcana Corporation Announces Completion of Restructuring Transaction

http://www.canadianminingjournal.com/press-releases/story/?id=1003745809

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 7, 2016) –Aurcana Corporation (TSX VENTURE:AUN) (the “Company”) today announces that it has completed the implementation of the previously announced restructuring transaction under which it has extinguished all of the Company’s secured debt obligations to Orion Mine Finance (Master) Fund I L.P., as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014, as amended. The principal terms of this transaction (the “Restructuring Transaction”) were previously disclosed in the Company’s press releases dated October 16, 2015, October 30, 2015 and November 16, 2015 and the Company’s letter to the holders of its common shares dated October 19, 2015.

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