Canuc Announces Amendment to Articles
Canuc Resources (CNUCF) confirmed an articles amendment granting one-time board authority used for its share consolidation effective February 13, 2026.
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Canuc Resources (CNUCF) confirmed an articles amendment granting one-time board authority used for its share consolidation effective February 13, 2026. Shareholders approved the amendment on December 21, 2018, allowing consolidation at a ratio of up to ten existing common shares for one new share; this is the authorized limit, not a disclosed execution ratio.
The authority has been exercised and does not permit additional consolidations without further shareholder approval. The confirmation was required by the TSX Venture Exchange.
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Toronto, Ontario--(Newsfile Corp. - November 2, 2026) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (WKN: A41V6H) ("Canuc" or the "Company"), as required by the TSX Venture Exchange and in connection with the share consolidation that took effect on February 13, 2026, confirms that the Company amended its articles to grant its board of directors the right to consolidate the Company's issued and outstanding common shares on a one-time basis, at a ratio of up to ten (10) existing common shares for one (1) new common share.
Shareholders approved the article amendment at the Company's shareholder meeting held on December 21, 2018. This authority was a one-time ability and was exercised in connection with the share consolidation effective February 13, 2026. It does not provide the board with continuing authority to undertake additional consolidations without further shareholder approval.
The Exchange neither endorses nor prohibits adoption of the Amendment. The Company remains responsible for compliance with all applicable corporate and governance requirements.
About Canuc Resources Corporation
Canuc Resources Corporation is a junior resource company focused on advancing its
Canuc also holds a
In addition to its mineral exploration portfolio, Canuc generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA, where the Company holds interests in producing natural gas wells and rights for further in-field development. Canuc also receives a
For further information please refer to the Company website: www.canucresources.ca.
Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Canuc, is responsible for the content of this press release.
For further information please contact:
Canuc Resources Corporation
(416) 525 - 6869
cberlet@canucresources.ca
Forward Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/322034