Aurcana Corporation ("Aurcana" or the "Company") announces today that 2,350,000 stock options at a price of $0.59 per common share in accordance with the policies of the TSX Venture Exchange (the "Options") have been granted to various Directors, Officers and Consultants of the Company.
The Stock Options have been granted in accordance with the terms of the Company's 10% Rolling Stock Option Plan approved on August 11, 2006.
In addition the Company is pleased to announce it has retained Colin Farr to provide investor relation services. Mr. Farr has worked as a financial advisor and has an extensive market planning, client development/management and corporate sales development background. The agreement is for an initial period of three months and can be extended by the mutual agreement of the parties. As compensation for his services, Aurcana will pay Mr. Farr a monthly fee of $4,000 and has granted an option to purchase a total of 75,000 common shares at a price of $0.59 per share for a period of two years, subject to the review and acceptance by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please contact:
Ken Booth, President
Phone: (604) 331-9333
Web site: www.aurcana.com
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.