Canuc Resources Corporation Closes $235,000 in a Private Placement Financing
07 Juni 2011 - 7:32PM
PR Newswire (Canada)
TORONTO, June 7, 2011 /CNW/ -- TSX Venture Exchange Symbol: CDA
Shares Outstanding: 55,612,598 TORONTO, June 7, 2011 /CNW/ - Canuc
Resources Corporation ("Canuc" or the "Company") today announced
that it has closed $235,000 in a non-brokered private placement
financing (the "Financing"). The Company has issued 940,000 Units
at $0.25 per Unit. Each Unit consists of one common share and one
common share purchase warrant, each warrant exercisable at $0.35
for the first 12 months and $0.45 for the following 12 month
period. 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 TSX Venture Exchange Inc. (the
"TSXV") and applicable securities laws. The Financing is subject to
approval of the TSXV. A finder's fee of $14,800 cash and 59,200
broker warrants 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. About Canuc Canuc is a junior mining
exploration company with its principal properties located in
Ecuador and Nova Scotia. Canuc's main holding is an approximate 85%
interest in the Nambija Gold deposit located in south-eastern
Ecuador. According to records obtained from the Central Bank of
Ecuador, it is estimated that, to date, nearly 3 million ounces of
gold have been produced using the most primitive of mining and
milling recovery processes from the Nambija area. 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/June2011/07/c3557.html p
/p table border="0" valign="top" tr td Gary Lohman, President &
CEObr/ 416-867-1300br/ a href="mailto:glohman@canucresources.ca"
font-weight="bold"glohman@canucresources.ca/a /td td br/ br/ /td td
br/ br/ /td td br/ br/ /td td Hubert Mockler, Executive Vice
Chairmanbr/ 416-416-867-1300br/ a
href="mailto:hmockler@canucresources.ca"
font-weight="bold"hmockl/aa
href="mailto:hmockler@canucresources.ca"
font-weight="bold"er@canucresources.ca/a /td /tr /table
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