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Home : Aurcana Corporation-Amends Convertible Debenture Terms
Mar 26
2011

Aurcana Corporation-Amends Convertible Debenture Terms

WEST KELOWNA, BRITISH COLUMBIA--(Marketwire - March 25, 2011) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) today announced that subject to final acceptance from the TSX Venture Exchange, the Company and Silver Standard Resources Inc. ("Silver Standard") have agreed to restructure the terms of the $10,000,000 convertible debenture (the "Debenture") which the Company issued to Silver Standard on July 15, 2008. The Debenture has a three year term, and bears interest at a rate of 1.5% in the first year, and 4% thereafter. 
Source:http://www.marketwire.com/mw/release.do?id=1417926&sourceType=3
 
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