TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 64,200,998
TORONTO, March 5, 2013 /CNW/ - Canuc Resources Corporation
("Canuc" or the "Company") (TSXV: CDA) today announced that it has
raised $100,000 in non-brokered
private placement financing (the "Financing"). The Company
has issued 1,000,000 Units at $0.10
per Unit. Each Unit consists of one common share and one
common share purchase warrant, each warrant exercisable at
$0.15 for a period of 24 months. The
common shares and warrants issued will be subject to a hold period,
ending June 23, 2013, which is four
months and one day from the date of issue, in accordance with the
policies of the TSXV and applicable securities laws. The private
placement offering is subject to regulatory approval.
The proceeds will be used for general corporate
purposes.
About Canuc
Canuc is a junior natural resource company with
its principal exploration properties located in Ecuador and Nova
Scotia. Canuc is also active in the Oil and Gas sector in
Texas and will be expanding these
activities throughout 2013.
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