VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 25, 2013) - Aurcana Corporation (TSX VENTURE:AUN)(AUNFF) ("Aurcana" or the "Company") is pleased to announce the appointment of Andrew Kaczmarek, Director, as interim Chief Operating Officer (COO) effective immediately.
Mr. Lenic Rodriguez, President & CEO of Aurcana Corporation, states:
"Following the successful closing of the $50 million debt financing, Aurcana is now in a position to complete the upgrades to the Shafter mine and continue improvements at La Negra. Mr. Kaczmarek's appointment to this senior management position adds technical and operational expertise to Aurcana. I am very pleased that Mr. Kaczmarek has agreed to accept this position and help us build a world class management team.
As Aurcana has grown, it has become apparent that our management structure would benefit from having a senior mining executive with operating and development experience to support our continued growth and success, ensuring that the potential of our two mineral projects is fully realized.
With the completion of the recent financing, Aurcana now has the ability to complete its development program and strengthen its management and technical teams.
Mr. Kaczmarek's appointment as COO, will strengthen Aurcana's ability to achieve our operational objectives through a more structured and disciplined approach."
Mr. Kaczmarek brings over 40 years of experience in operations, construction, project development and management, with developing and producing companies including Alacer Gold, Kinross Gold, Phelps Dodge, Cyprus Amax, Gold Fields and Hudson Bay Mining and Smelting Co.
Most recently, he was the Chief Operating Officer of Victoria Gold Corporation.
While working for Gold Fields, Mr. Kaczmarek was the Chief Engineer at the Gold Fields Shafter Project, now owned by Aurcana. During that time, he was responsible for the construction and commissioning of the two existing 1,000 foot shafts and pre-development work at Shafter.
Mr. Kaczmarek has a B.Sc. in Mining Engineering from Royal School of Mining, Imperial College, London.
About Aurcana Corporation
Aurcana Corporation is a primary silver producing company with two mines: the La Negra Mine in Mexico and the Shafter Mine in Texas, USA. The Company is in a position to grow organically from its existing mines in its pursuit to become an emerging senior silver producer. Aurcana continues to focus on its future growth.
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
Lenic Rodriguez, President & CEO
Neither the 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.
This news release contains certain forward-looking statements, including statements regarding the future plans and objectives of the Company and the business and anticipated financial performance of the Company.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others, risks related to international operations, unsuccessful exploration results, the ability of suppliers to provide equipment, the availability of skilled labour, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward-looking statements.
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