Canuc Resources Corporation Raises $100,000 in Private Placement Financing

Mar 05, 2013, 13:21 ET from Canuc Resources Corporation

TSX Venture Exchange
Symbol: CDA
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.

About Canuc

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