Canuc Resources Corporation

TSX Venture Exchange

Symbol: CDA

Shares Outstanding: 43,004,598

TORONTO, June 30 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") TSXV: CDA announced today that it has been served with a statement of claim against the Company, its Chairman and its President and against Sonocan Exploration Ltd. The claim brought by Mr. Luis Guerrero relates primarily to certain allegations of misrepresentation and an alleged entitlement to a 15% equity interest in Canuc at the time of Canuc's acquisition of Sonocan Exploration Ltd. in April 2007.

The Company believes that the claim is completely without merit and intends to vigorously defend this action.

This news release includes forward-looking statements. All statements in this release, other than statements of historical facts, including the likelihood of exchange listing, property acquisition and future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mineral exploration is an inherently risky business. Accordingly the actual events may differ materially from those described in the forward-looking statements.

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, kmurton@canuc-resources.com; Hub Mockler, President & CEO, 416-867-1300, hmockler@canucresources.com

Organization Profile

Canuc Resources Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890