TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 63,200,998
TORONTO, Dec. 28, 2012 /CNW/ - Canuc Resources Corporation
("Canuc" or the "Company") (TSXV: CDA) today announced that it has
raised $99,780.00 in non-brokered
private placement financing (the "Financing"). The Company
has issued 665,200 Units at $0.15 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 one 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.
The proceeds will be used for general corporate
purposes.
About Canuc
Canuc is a junior mining company with its
principal exploration 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.
SOURCE Canuc Resources Corporation