Canuc Resources Corporation Raises $100,000 in Private Placement Financing
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
More by this Source
MoU signed for processing gold ore from Nambija, Ecuador
May 30, 2013, 09:44 ET
Canuc continues to encounter success in Texas
Mar 20, 2013, 13:37 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.