Silver Standard Resources Inc. (TSX:SSO) has closed its $42.6 million sale of a Texas silver project to fellow Vancouver company Aurcana Corp. (TSX-V:AUN).
The project will give Aurcana a project with measured and indicated resources of 21 million ounces of silver.
Under the terms of the deal announced in early April, Silver Standard received $23 million in cash, 15 million Aurcana common shares and a $10 million convertible debenture.
Silver Standard's share price range during the past week: between $28.61 and $30.80; 52-week high: $44.07; 52-week low: $24.77.