• Canuc Resources Corporation (CDA) has closed a non-brokered private placement for gross proceeds of $450,000
  • The company has issued 3,000,000 units priced at C$0.15
  • Proceeds will be used for the exploration of the company’s San Javier Silver-Gold Project
  • Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico
  • Canuc Resources Corporation (CDA) is down 4.55 per cent on the day, trading at C$0.105 per share at 3:40 pm ET

Canuc Resources Corporation (CDA) has closed a non-brokered private placement for gross proceeds of $450,000.

The company has issued 3,000,000 units priced at C$0.15. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $0.35 for a period of two years.

Warrants are subject to an acceleration clause.

All securities issued are subject to a four-month hold period.

Proceeds will be used for the exploration of the company’s San Javier Silver-Gold Project.

Final closing is subject to acceptance and approval by the TSX Venture Exchange.

Canuc is a junior resource company focusing on its San Javier Silver-Gold Project in Sonora State, Mexico.

Canuc Resources Corporation (CDA) is down 4.55 per cent on the day, trading at C$0.105 per share at 3:40 pm ET.

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