Aurcana Silver Listing Moves From Tier 1 to Tier 2 With TSX.V
October 20 2022 - 6:00AM
AURCANA SILVER CORPORATION ("
Aurcana" or the
"
Company") (TSXV: AUN) announces that as the
Company is currently unable to meet the working capital and
financial resources requirement for Tier 1 issuer, the Company has
been advised by the TSX Venture Exchange that the Company’s listing
will be transferred from Tier 1 to Tier 2 on October 21, 2022, with
an effective date of October 25, 2022.
The Company is currently actively pursuing
several options to raise funds in order to meet its current working
capital and financial resources requirements.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER
CORPORATION
“Kevin Drover”President & CEO
For further information, visit the website at www.aurcana.com or
contact:
Aurcana Silver Corporation2751 Graham StreetVictoria, BC V8T
3Z1Phone: (604) 331-9333
FORWARD LOOKING STATEMENTS AND CAUTIONARY
NOTES
This press release contains forward looking
statements within the meaning of applicable securities laws. The
use of any of the words “anticipate”, “plan”, “continue”, “expect”,
“estimate”, “objective”, “may”, “will”, “project”, “should”,
“predict”, “potential” and similar expressions are intended to
identify forward looking statements. In particular, this press
release contains forward looking statements concerning, without
limitation, statements relating to the enforcement action
undertaken by Mercuria (and including statements with respect to
the timing of all such matters). Although the Company believes that
the expectations and assumptions on which the forward looking
statements are based are reasonable, undue reliance should not be
placed on the forward looking statements because the Company cannot
give any assurance that they will prove correct. Since forward
looking statements address future events and conditions, they
involve inherent assumptions, risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of assumptions, factors and risks. These
assumptions and risks include, but are not limited to, assumptions
and risks associated with the receipt of regulatory or shareholder
approvals, and risks related to the state of financial markets or
future metals prices.
Management has provided the above summary of
risks and assumptions related to forward looking statements in this
press release in order to provide readers with a more comprehensive
perspective on the Company’s future operations. The Company’s
actual results, performance or achievement could differ materially
from those expressed in, or implied by, these forward looking
statements and, accordingly, no assurance can be given that any of
the events anticipated by the forward looking statements will
transpire or occur, or if any of them do so, what benefits the
Company will derive from them. These forward looking statements are
made as of the date of this press release, and, other than as
required by applicable securities laws, the Company disclaims any
intent or obligation to update publicly any forward looking
statements, whether as a result of new information, future events
or results or otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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