Canuc Announces Final Closing of Private Placement
Canuc Resources (OTCQB: CNUCF) has completed the final tranche of its previously announced $3.2 million CAD private placement. The final tranche raised $930,000 CAD through the issuance of 9.3 million units at $0.10 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.15 for two years. The proceeds will fund the acquisition of MacDonald Mines Exploration Ltd. and support development and exploration of the company's mineral assets. The closing is pending TSX Venture Exchange approval.
Canuc Resources (OTCQB: CNUCF) ha completato l'ultima tranche del suo aumento di capitale privato da 3,2 milioni di CAD precedentemente annunciato. L'ultima tranche ha raccolto 930.000 CAD tramite l'emissione di 9,3 milioni di unità al prezzo di 0,10 CAD ciascuna. Ogni unità comprende una azione ordinaria e una warrant, esercitabile a 0,15 CAD per due anni. I proventi serviranno per finanziare l'acquisizione di MacDonald Mines Exploration Ltd. e per sostenere lo sviluppo e l'esplorazione delle risorse minerarie della società. La chiusura è soggetta all'approvazione della TSX Venture Exchange.
Canuc Resources (OTCQB: CNUCF) ha completado la última tanda de su colocación privada de 3,2 millones de CAD anunciada previamente. La última tanda recaudó 930,000 CAD mediante la emisión de 9.3 millones de unidades a 0.10 CAD por unidad. Cada unidad incluye una acción ordinaria y una garantía, con la garantía ejercitable a 0.15 CAD durante dos años. Los fondos se utilizarán para financiar la adquisición de MacDonald Mines Exploration Ltd. y apoyar el desarrollo y la exploración de los activos minerales de la empresa. El cierre está pendiente de la aprobación de la TSX Venture Exchange.
Canuc Resources (OTCQB: CNUCF)는 이전에 발표한 320만 캐나다 달러 규모의 사모 투자의 마지막 분할을 완료했습니다. 마지막 분할을 통해 단위당 0.10 캐나다 달러에 930만 캐나다 달러, 930만 단위를 발행했습니다. 각 단위는 보통주 1주와 워런트 1주로 구성되며, 워런트는 2년 동안 0.15 캐나다 달러에 행사할 수 있습니다. 자금은 MacDonald Mines Exploration Ltd. 인수와 회사의 광물 자산 개발 및 탐사 지원에 사용될 예정입니다. 거래 마감은 TSX 벤처 거래소의 승인을 기다리고 있습니다.
Canuc Resources (OTCQB : CNUCF) a finalisé la dernière tranche de son placement privé de 3,2 millions de dollars canadiens précédemment annoncé. Cette dernière tranche a permis de lever 930 000 dollars canadiens par l'émission de 9,3 millions d'unités à 0,10 dollar canadien chacune. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,15 dollar pendant deux ans. Les fonds serviront à financer l'acquisition de MacDonald Mines Exploration Ltd. et à soutenir le développement et l'exploration des actifs minéraux de la société. La clôture est en attente de l'approbation de la TSX Venture Exchange.
Canuc Resources (OTCQB: CNUCF) hat die letzte Tranche seiner zuvor angekündigten 3,2 Millionen CAD Privatplatzierung abgeschlossen. Die letzte Tranche brachte 930.000 CAD durch die Ausgabe von 9,3 Millionen Einheiten zu je 0,10 CAD ein. Jede Einheit umfasst eine Stammaktie und einen Bezugsrechtsschein, wobei die Bezugsrechte für zwei Jahre zu 0,15 CAD ausgeübt werden können. Die Erlöse dienen zur Finanzierung der Übernahme von MacDonald Mines Exploration Ltd. sowie zur Unterstützung der Entwicklung und Erkundung der mineralischen Vermögenswerte des Unternehmens. Der Abschluss steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange.
- Successful completion of $3.2 million CAD private placement financing
- Strategic acquisition of MacDonald Mines Exploration Ltd. in progress
- Warrants provide potential additional funding at $0.15 per share
- Dilution of existing shareholders through issuance of 9.3 million new units
- Additional dilution possible if warrants are exercised
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") reports closing of the final tranche of a previously announced
Proceeds will be used for completing the acquisition of MacDonald Mines Exploration Ltd. and for development and exploration of the Company's new and existing mineral assets.
The final closing of this private placement is subject to acceptance by the TSX Venture Exchange.
About MacDonald Mines Exploration Ltd.
Founded in 1935, MacDonald Mines Exploration Ltd. is a mineral exploration company focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. The company's flagship project, the
The SPJ Project encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits. Included within the Project is the historical Scadding Gold Mine and associated gold mineralized system and gold bearing tailings. Minerals of interest on SPJ include copper (Cu), gold (Au), cobalt (Co), nickel (Ni) and rare earth elements (REE). MacDonald Mines Exploration Ltd. is committed to responsible and sustainable operations, prioritizing environmental stewardship, safety, and community engagement.
About Canuc
Founded in 1952, Canuc Resources Corporation is a junior resource company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico. The San Javier Silver-Gold Project evidences silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver dominant IOCG and affiliated deposits. The Company also generates cash flow from natural gas production at its MidTex Energy Project located in Central West Texas, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments.
For further information please contact:
Canuc Resources Corporation
Chris Berlet: (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 each of Canuc and/or MacDonald Mines (collectively, the "Corporations") believes, expects or anticipates will or may occur in the future including the Corporations respective strategy, plans or future financial or operating performance, and including statements regarding the completion of or the benefits of the Transaction and the Arrangement.
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. Factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporations respective annual financial statements, MD&A and other publicly filed documents.
The Corporations caution 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. There is Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporations do 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/250396
FAQ
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