TSX Venture Exchange
Shares Outstanding: 43,004,598
TORONTO, July 5 /CNW/ - Canuc Resources Corporation (TSX-V: CDA) ("Canuc or the Company"), is pleased to announce that it has engaged Investor Cubed Inc. ("ICI") to provide Investor Relations Consulting services effective July 1, 2010.
The agreement between Canuc and ICI is effective from July 1, 2010 for an initial one year term, after which it will automatically renew for an additional year unless otherwise terminated. In consideration for the services to be provided, Canuc has agreed to pay ICI a monthly fee of $5,000, plus pre-approved expenses. In addition, Canuc has agreed to grant 350,000 stock options (the "Stock Options") to ICI to acquire up to an aggregate of 350,000 common shares of Canuc. The Stock Options will vest in quarterly tranches of 87,500 each and will be exercisable at $0.25 per common share. The Stock Options are subject to regulatory approval and the provisions of Canuc's Stock Option Plan.
About Investor Cubed
Investor Cubed provides specialized investor relations and business consulting services to a select group of leading Canadian small cap companies. We consider our small cap clients to be our "partners" in creating value for their shareholders and for the financial industry professionals who we introduce our clients to and are so important to our business model.
In addition, Investor Cubed is a partner and co-manager of www.SmallCapPower.com (SCP). SCP is Canada's first website dedicated to tracking stocks with market caps from $5 to $500 million and has rich investment content and dynamic functionality that brings investors and financial industry professionals together to discover and communicate with small cap companies.
Canuc is a junior mining exploration company with its principal properties located in Ecuador. Canuc's main holding today is an approximate 85% interest in the Nambija Gold Mine located in southeastern 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.
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 Corporation
For further information: For further information: Ken Murton, Chairman, 416-920-2748, firstname.lastname@example.org; Hub Mockler, President & CEO, 416-867-1300, email@example.com; Investor Cubed Inc.: Neil Simon, Telephone: (647) 258-3310, (888) 258-3323, Fax: (416) 363-7977, E-mail: firstname.lastname@example.org