TSX Venture Exchange
Shares Outstanding: 47,997,598
TORONTO, April 5 /CNW/ - Canuc Resources Corporation ("Canuc" or the
"Company") today announced that it has raised $1,315,000 in
non-brokered private placement financing (the "Financing") with one
strategic investor subscribing for $ 1.0 million dollars. The Company
has issued 6,575,000 Units at $0.20 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 a
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
A finder's fee of $ 36,000 was paid in connection with the Financing.
The proceeds of the financing will be used to fund the Company's
upcoming exploration program in the province of Nova Scotia and for
general corporate purposes.
The Company would also like to announce that Mr. Jim Stephenson and Mr.
Bob Bondy have resigned from the Board of Directors. The Company thanks
both Mr. Stephenson and Mr. Bondy for their years of service and wishes
them the best in their future endeavours.
Canuc is a junior mining exploration company with its principal property
located in Ecuador. Canuc also has an option on the Mill Village gold
property located near Liverpool Nova Scotia.
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
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