Vancouver, BC, March 3, 2016, Aurcana Corporation (the “Company”) (TSXV:AUN) announces that in order to reduce its corporate costs, conserve its working capital and increase shareholder value, it will cease paying cash directors’ fees with retroactive effect to January 1, 2016. In lieu of cash directors’ fees, it has granted an aggregate of 4,950,000 stock options to directors and officers of the Company under the Company’s stock option plan. The stock options are exercisable to acquire commons shares of the Company at an exercise price of $0.17 per common share until March 1, 2021.
ON BEHALF OF THE BOARD OF DIRECTORS OF
“Kevin Drover”, President & CEO
For further information, visit the website at www.aurcana.com or contact:
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Gary Lindsey, Corporate Relations
Neither 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.