It is a good possibility that someone holding warrants at .40 or .41 exercised them and subsequently resold them through a prearrangement at .80 virtually doubling their money instantly (nice Christmas bonus).  This is a win win win because the warrant holder doulbes his money, Aurcana receives cash for the warrants, and whoever had orders in at the market close got filled at a low price.  I was one of the lucky ones who had a few small orders filled at the .80 price.  I expect next week the shares will again trade in the .90 range.  Below is what the share warrant structure of Aurcana looked like.

 

 

AURCANA Corporation

As of  Dec. 12, 2012

 

Share Structure

 

 

 

Issued and Outstanding

 

465,929,180

Warrants

 

74,142,223

Options

 

28,256,250

Fully Diluted

 

567,127,652

 

 

 

Warrants

 

 

 

Outstanding

Exercise Price

Expiry Date

2,430,000

0.40

June 30, 2013

24,960

0.35

June 30, 2013

45,260,763

0.41

December 7, 2013

26,426,500

1.00

November 28, 2013

74,142,223