Canuc Resources Corporation closes $600,000 in Flow-Through Private Placement
21 Dezember 2011 - 6:54AM
PR Newswire (Canada)
TSX Venture Exchange Symbol: CDA Shares Outstanding: 62,535,798
TORONTO, Dec. 22, 2011 /CNW/ - Canuc Resources Corporation ("Canuc"
or the "Company") is pleased to announce the closing of a
non-brokered private placement of $600,000 (the "Financing"). The
Company has issued 3,000,000 Units at $0.20 per Unit. Each
Unit consists of one common share issued on a flow through basis
and one half common share purchase warrant, each whole warrant
exercisable at $0.28 for a period of 12 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 $30,000 and 200,000
broker's options (the "Broker's Options") was paid in connection
with the Financing. Each Broker's Option entitles the holder
to purchase one Unit at $0.20 for 12 months. 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. "We are very pleased to be funded for exploration in the
gold bearing Meguma Terrane in Nova Scotia. The potential to host
significant gold deposits in the Meguma has recently been
demonstrated by both Atlantic Gold NL and Acadian Mining
Corporation north of Halifax and we believe the same potential
exists in the southern portion of the province. In 2012, Canuc will
be focusing its exploration efforts at Mill Village and elsewhere
in the southern Meguma as we expand our land position in Nova
Scotia. About Canuc Canuc is a Canadian based exploration Company
focused on identifying and developing mineral projects in the
Americas. The Company has been carefully assessing and acquiring
assets in Nova Scotia, Canada and Texas, USA to complement its
Ecuadorian mineral assets. Management considers that these
projects currently offer a particularly favourable environment for
mineral exploration and development. The Company intends to
continue to acquire quality precious metal projects in the
Americas. Management of the Company has a proven record of
discovery, resource expansion, permitting and developing projects
through to production. 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. Canuc Resources Corporation CONTACT:
Gary Lohman, President & CEO Chris Chadder, CFO416-867-1300
416-867-1300glohman@canucresources.ca cchadder@canucresources.ca
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