Canuc Resources Corporation Grants Stock Options and Announces new CFO
12 Juli 2011 - 10:31PM
PR Newswire (Canada)
TORONTO, July 12, 2011 /CNW/ -- TSX Venture Exchange Symbol: CDA
Shares Outstanding: 55,635,798 TORONTO, July 12, 2011 /CNW/ - Canuc
Resources Corporation ("Canuc" or the "Company") announces that it
has granted options to employees, officers and directors of the
Company entitling them to purchase an aggregate of 1,925,000 common
shares of the Company, pursuant to the Company's Stock Option Plan
approved by the shareholders. Each option entitles the holder
thereof to purchase one common share at a price of $0.25 per common
share for a period of three years. Under the Company's stock option
plan, a maximum of 10% of the issued shares of the Company at any
time may be reserved for issuance at the time of the stock option
grant. Canuc is also pleased to announce the appointment of Mr.
Christopher Chadder as Chief Financial Officer. Mr. Chadder is a
Chartered Accountant with over 20 years' experience as a business
advisor and senior officer to junior resource companies. Mr.
Chadder will work with current management to enhance the company's
business development, financial compliance and financial reporting
strategies. About Canuc Canuc is a junior mining exploration
company with its principal properties located in Ecuador. Canuc's
main exploration project is an approximate 85% interest in the
Nambija Gold Project located in southeastern 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.
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/July2011/12/c4984.html
table valign="top" border="0" tr td Gary Lohman, President &
CEObr/ 416-867-1300br/ a
href="mailto:glohman@canucresources.ca"glohman@canucres/aa
href="http://glohman@canucresources.ca"ources.ca/a
/td td Hubert Mockler, Executive Vice Chairmanbr/ 416-867-1300br/ a
href="mailto:hmockler@canucresources.ca"hmockler@canucresources.ca/a
/td /tr /table p /p
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