Day: October 30, 2015

Aurcana Corporation Announces Commencement of CBCA Proceedings to Implement Restructuring Transaction

Aurcana Corporation announces that it is today commencing proceedings under the Canada Business Corporations Act to implement the restructuring transaction announced by the Company on October 16, 2015 under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P., as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014, will be extinguished.

Orex Grants Stock Options and Applies to Extend Warrants

Orex Minerals Inc. announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Orex at an exercise price of $0.20 per share and with a two year term. The options will vest immediately.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.