Canuc Resources Corporation Raises $798,600 in Private Placement Financings
18 März 2011 - 10:13PM
PR Newswire (Canada)
TORONTO, March 18 /CNW/ -- TSX Venture Exchange Symbol: CDA Shares
Outstanding: 47,997,598 TORONTO, March 18 /CNW/ - Canuc Resources
Corporation ("Canuc" or the "Company") (TSXV: CDA) today announced
that it has raised $745,600 in non-brokered private placement
financing (the "Financing"). The Company has issued 3,728,000
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 TSXV. A commission of $2,400 and 12,000
broker's warrants (the "Broker's Warrants") was paid in connection
with the Financing. Each Broker's Warrant entitles the holder
to purchase one Unit at $0.20 for 24 months. The Company has also
raised an additional $53,000 in a non-brokered flow-through
financing (the "Flow-Through Financing"). The Company has issued
265,000 Flow-Through Units at $0.20 per Flow-Through Unit. Each
Flow-Through Unit consists of one common share issued on a flow
through basis and one common share purchase warrant, each warrant
exercisable at $0.25 for a period of 18 months. All common shares
and warrants issued in the Flow-Through Financing are 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 Flow-Through Financing is subject to approval of the
TSXV. A commission of $240 and 1,200 Broker's Warrants was paid in
connection with the Flow-Through Financing. Insiders have
subscribed for an aggregate of 1,778,000 Units of the 3,993,000
Units representing 45% of the Financing. The proceeds of both
financings will be used to fund the Company's upcoming exploration
program in the province of Nova Scotia and for general corporate
purposes. About Canuc 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. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/18/c4541.html
table valign="top" border="0"trtdGary Lohman, President &
CEO /td td /td td /td td /td
tdKen Murton, Chairman/td/tr
trtd416-867-1300 /td td /td
td /td td /td td416-920-2748/td/tr trtda
href="mailto:glohman@canucresources.ca"glohman@canucresources.ca/a /td
td /td td /td td /td tda
href="mailto:kmurton@canucresources.ca"kmurton@canucresources.ca/a/td/tr
trtd /td td /td td /td td /td td /td/tr
trtdbInvestor Cubed Inc.:/b/td td /td td /td td /td
td /td/tr trtdTelephone: (647) 258-3311, (888) 258-3323/td
td /td td /td td /td td /td/tr trtdFax: (416)
363-7977/td td /td td /td td /td td /td/tr
trtda
href="mailto:info@investor3.ca"info@investor3.ca/a/td/tr/table
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