Orion Mine Finance buys additonal shares in silver miner Aurcana
Canadian junior mining company Aurcana Corp (TSX.V - AUN) has received a $7 million investment from private equity firm Orion Mine Finance Group. The firm acquired 10.1 million shares of Aurcana at a price of $0.69 per share to facilitate a debt settlement. As a result of the deal, Orion holds approximately 22% of the issued and outstanding common shares of the company. Based in Vancouver, Aurcana is a primary silver producer with properties in Mexico and the United States. With offices in New York and other locations, Orion is focused on investing in the global mining industry.
13 May 2014•2 mins read
