Aurcana Corporation (TSXV:AUN) announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 1.00 per unit for gross proceeds of CAD 15,000,000 on January 6, 2021. The transaction will include participation form returning investor Palisades Goldcorp Ltd. for CAD 5,000,000 as a lead. Each unit consists of one common share and one full common share purchase warrant, each warrant entitling the holder thereof to purchase one common share at a price of CAD 1.25 per share for a period of 36 months following the closing of the transaction, subjected to certain customary conditions. Finder’s fees to third parties may be paid in the transaction. The securities issued will be subject to a hold period of four months and a day. The transaction is subject to approval of the TSX Venture Exchange.