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| Home : Aurcana Announces $5,000,000 Bridge Loan |
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Sep 12
2013 |
Aurcana Announces $5,000,000 Bridge Loan |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 11, 2013) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) (OTCQX:AUNFF) announces that it has entered into an agreement for a $5,000,000 bridge loan ("Bridge Loan") to be advanced to the Company by FirstAccess Financial Group, Inc. (the "Lender"). Aurcana continues to expect the closing of the previously announced $50 million principal amount loan facility ("Loan Facility") with Red Kite Mine Finance ("Red Kite") in September, and is in the process of finalizing documentation for the closing of that financing. The Bridge Loan is intended to provide additional liquidity to the Company until the closing of the Loan Facility. |
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| Source:http://www.marketwire.com/mw/release.do?id=1829712&sourceType=3 |
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