Day: February 20, 2012

Aurcana Increases Ownership of La Negra Mine to 99.86%

Aurcana Corporation is pleased to report it has increased its ownership in Real de Maconi S.A. de C.V. from 92% to 99.86% as a result of a recent capital restructure of Real de Maconi. Real Maconi holds a 99.99% interest (one share representing a .00002% interest is held by a third party) in Minera La Negra S.A. de C.V. which has a 100% interest in the La Negra Mine.

Canasil $675,000 Non-brokered Private Placement Fully Subscribed

Vancouver, February 17, 2012 – Canasil Resources Inc. (Canasil, TSX-V: CLZ) announces that the previously announced non-brokered private placement of 3,000,000 units at $0.225 for a total of $675,000 is fully subscribed and the Company is processing documentation for immediate closing of the placement.

Federal Mining Agency Can’t Find Work

A federal agency created by the Conservative government to mediate complaints about Canadian mining operations abroad has spent more than $1.1 million in the past two years, but has yet to mediate anything.

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