TSX Venture Exchange
Shares Outstanding: 64,200,998
TORONTO, March 5, 2013 /CNW/ - Canuc Resources Corporation ("Canuc" or
the "Company") (TSXV: CDA) today announced that it has raised $100,000
in non-brokered private placement financing (the "Financing"). The
Company has issued 1,000,000 Units at $0.10 per Unit. Each Unit
consists of one common share and one common share purchase warrant,
each warrant exercisable at $0.15 for a period of 24 months. The common
shares and warrants issued will be subject to a hold period, ending
June 23, 2013, which is four months and one day from the date of issue,
in accordance with the policies of the TSXV and applicable securities
laws. The private placement offering is subject to regulatory approval.
The proceeds will be used for general corporate purposes.
Canuc is a junior natural resource company with its principal
exploration properties located in Ecuador and Nova Scotia. Canuc is
also active in the Oil and Gas sector in Texas and will be expanding
these activities throughout 2013.
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:
Gary Lohman, President & CEO
Chris Chadder, CFO