Canuc Resources Corporation Raises $99,780 in Private Placement Financing
TSX Venture Exchange
Shares Outstanding: 63,200,998
TORONTO, Dec. 28, 2012 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") (TSXV: CDA) today announced that it has raised $99,780.00 in non-brokered private placement financing (the "Financing"). The Company has issued 665,200 Units at $0.15 per Unit. Each Unit consists of one common share and one common share purchase warrant, each warrant exercisable at $0.25 for a period of 24 months. The common shares and warrants issued will be subject to a hold period of four months and one day from the date of issue, in accordance with the policies of the TSXV and applicable securities laws. The Financing is subject to approval of TSXV.
The proceeds will be used for general corporate purposes.
Canuc is a junior mining company with its principal exploration properties located in Ecuador and Nova Scotia. Canuc's main holding is an approximate 85% interest in the Nambija Gold deposit located in south-eastern Ecuador. According to records obtained from the Central Bank of Ecuador, it is estimated that, to date, nearly 3 million ounces of gold have been produced using the most primitive of mining and milling recovery processes from the Nambija area.
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 of this release.
SOURCE: Canuc Resources CorporationFor further information:
Gary Lohman, President & CEO
Chris Chadder, CFO