Aurcana Silver Corporation announced that it has received CAD 9.66425 million in funding
On October 26, 2021, Aurcana Silver Corporation closed the transaction. The company issued 13,806,072 units for gross proceeds of CAD 9,664,250. The transaction included participation from 56 placees and a pro investment group consisting of two places for 312,000 units. The company paid an aggregate of CAD 518,115 in finder?s fees Blue Lake Advisors SA a fees of CAD 69,720 and 99,600 finder's warrants, Roche Securities Ltd., a fees of CAD 16,800 and 24,000 finder's warrants, Haywood Securities Inc., a fees of CAD 12,600 and 18,000 finder's warrants, PI Financial Corp., a fees of CAD 7,896 and 11,280 finder's warrants, Canaccord Genuity Corp., a fees of CAD 213,759 and 305,370 finder's warrants, Sightline Wealth Management, a fees of CAD 4,200 and 6,000 finder's warrants, Four Points Capital Partners LLC, a fees of CAD 6,540 and 9,343 finder's warrants, Corecam Pte. Ltd., a fees of CAD 54,600 and 78,000 finder's warrants, and Tamesis Partners LLP, a fees of CAD 132,000 and 185,571 finder's warrants and issued an aggregate of 740,164 agent?s warrants, with each warrant entitling the holder to purchase one share at a price of CAD 0.90 for a period of 36 months from the date of issuance. The securities will be subject to a statutory hold period expiring on February 23, 2022. The company has issued CAD 1,331,854.641 of securities pursuant to exemption provided under Regulation D from 7 investors.
On October 30, 2021, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.