Canuc Resources Corporation Raises $1,315,000 in a Private Placement Financing
05 April 2011 - 10:34PM
PR Newswire (Canada)
TORONTO, April 5 /CNW/ -- TSX Venture Exchange Symbol: CDA 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 TSXV. 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. 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/April2011/05/c9687.html
table border="0" tr td valign="top" align="left" Gary Lohman,
President & CEO /td td /td td /td td
/td td /td td /td td valign="top" align="left" Ken
Murton, Chairman /td /tr tr td valign="top" align="left"
416-867-1300 /td td /td td /td td /td td
/td td /td td valign="top" align="left" 416-920-2748
/td /tr tr td valign="top" align="left" a
href="mailto:glohman@canucresources.ca"glohman@canucresources.ca/a
/td td /td td /td td /td td /td td
/td td valign="top" align="left" a
href="mailto:kmurton@canucresources.ca"kmurton@canucresource/aa
href="mailto:kmurton@canucresources.ca"s.ca/a /td /tr /table
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