Friday, April 12, 2013 9:55:00 PM
Aurcana Announces Share Consolidation Effective Apr 30, 2013
Alert
Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF) is pleased to announce that further to its press release of March 28, 2013, the TSX Venture Exchange (the "Exchange") has accepted notice of the consolidation of the Company's common shares ("Common Shares") on a basis of eight (8) pre-consolidated Common Shares for each one (1) post-consolidation Common Share (the "Consolidation") and has no objection to the Company's Common Shares trading on a post consolidated basis effective at the opening of market Tuesday, April 30, 2013 under the new CUSIP number 051918506.
The Company's listed warrants to purchase Common Shares ("Warrants") will continue to trade on the Exchange under the new CUSIP number 051918142. Following the Consolidation, the Warrants will be consolidated on the basis of eight (8) existing Warrants ("Pre-Consolidation Warrants") for one (1) new Warrant ("Post-Consolidation Warrant"), with any fractional Post-Consolidation Warrant rounded down to the nearest whole number. Post-Consolidation Warrants will have an exercise price of $8.00 and may be exercised at any time up until 5:00pm (Vancouver time) on November 29, 2013. In accordance with the terms of the Warrant Indenture, notice of the Consolidation has been sent to all holders of Warrants.
Letters of transmittal with respect to the Consolidation will be mailed out to all registered shareholders by the Company's transfer Agent, Equity Financial Trust Company (Equity). The letter of transmittal describes the process by which shareholders may obtain new certificates representing their Consolidated Common shares and all registered shareholders of the Company will be required to send their certificates representing pre-consolidation Common Shares with a properly executed letter of transmittal to Equity, in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not need to complete a letter of transmittal.
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