NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Aurcana Corporation ("Aurcana" or the
"Company") (TSXV: AUN) is pleased to announce the
appointment of Brian K. Briggs PEng to the position of Chief
Operating Officer of Aurcana Corporation. In his new role, Mr.
Briggs will oversee both of Aurcana’s development projects, the
Revenue-Virginius Mine, located near Ouray, Colorado and the
Shafter Mine, located near Presidio, Texas.
Mr. Briggs has more than 30 years of
engineering, environmental, mine development and mining operations
experience throughout North America and Africa. Mr. Briggs received
an BS in Mining Engineering and a MS in Agricultural Engineering
from the University of Wyoming in the late 1980s. He has worked for
both major mining companies such as Shell Mining and Rio Tinto as
well as numerous private and public junior mining companies holding
positions such as Mining Engineer, Environmental Engineer, Chief
Engineer, V.P Technical Services, Mine Manager, President and CEO
during the course of his career.
Mr. Briggs will also remain the CEO of Ouray
Silver Mines which was acquired by Aurcana in December 2018. Over
the past three years in that role Mr. Briggs successfully rebuilt
the organization in all phases including installing a highly
experienced and knowledgeable management team with a history of
success in developing and operating high grade narrow vein
deposits. Under Mr. Briggs direction the team rebuilt the
resource/reserve base, proved the successful use of resue as the
mining method of choice, and fully redesigned the underground
development and processing to a shovel ready state. This work
culminated in the completion of a full Feasibility Study in 2017
which was further updated in June, 2018 as part of the Aurcana
acquisition of Ouray Silver Mines and is the basis for the expected
restart of the Revenue-Virginius silver mine.
Additionally, Ouray Silver Mines and the Shafter
Mine are both fully permitted for operations. However, Aurcana is
currently evaluating funding options as it seeks to return,
firstly, the Revenue-Virginius Mine back into production.
Kevin Drover, President & CEO, stated, “As
Aurcana positions itself to become a mid-tier producer again with
the proposed re-start of the Revenue-Virginius Mine and with the
Shafter project in the pipe-line, we need to streamline our
management structure. Brian brings a wealth of experience to the
position of COO that will prove invaluable as we move toward
becoming a producer again.”
Disclaimers
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer
for sale or a solicitation of an offer to buy, in the United States
or to, or for the account or benefit of, any "U.S. Person" (as such
term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the "1933 Act")) of any equity or other
securities of Aurcana or Ouray. None of the securities to be issued
pursuant to the Arrangement have been or will be registered under
the 1933 Act or any applicable securities laws of any state of the
United States, and any securities issued in the Arrangement are
anticipated to be issued in reliance upon the exemptions from such
registration requirements of the 1933 Act provided by Section
3(a)(10) thereof and/or Section 4(a)(2) thereof and in accordance
with applicable exemptions under any applicable securities laws of
any state of the United States. The securities of the Resulting
Issuer to be issued in connection with the Offering have not been
and will not be registered under the 1933 Act or any applicable
securities laws of any state of the United States and may not be
offered or sold in the United States or to, or for the account or
benefit of, a U.S. Person absent registration under the 1933 Act or
an applicable exemption from the registration requirements of the
1933 Act and in accordance with all applicable securities laws of
any state of the United States.
ABOUT AURCANA CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in
Colorado, and the Shafter-Presidio Silver Project in Texas,
US. The primary resource at Shafter and Revenue-Viriginius is
silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
“Kevin Drover”, President & CEO
For further information, visit the website at www.aurcana.com or
contact:
Aurcana Corporation
Phone: (604) 331-9333
Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com
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,
resumption of trading of the Aurcana Shares on the TSX Venture
Exchange. 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.
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