Business
Canuc Announces Agreement with the Ejido of San Javier
Toronto, Ontario--(Newsfile Corp. - May 31, 2017) - Canuc Resources Corporation (TSXV: CDA) ("...
About this update from Canuc Resources Corporation
[{"type":"text","content":"Canuc Announces Agreement with the Ejido of San JavierToronto, Ontario--(Newsfile Corp. - May 31, 2017) - Canuc Resources Corporation (TSXV: CDA) (\"Canuc\" or the \"Company\") is pleased to advise that the Company has signed a comprehensive agreement (\"The Agreement\") with the Ejido(1) of San Javier for lands around the San Javier Project.The Agreement calls for exploration on 300 hectares of land and also provides binding terms for exploitation (mining) on an area of up to 1,000 hectares. The Agreement requires Canuc to pay $35,000 USD per year during exploration activities and up to $135,000 USD per year during the exploitation phase. The Agreement is binding and has a 25 year term with an additional 5 years provided under Agrarian Laws.\"We are very pleased to have been able to secure this landmark agreement with the Ejido of San Javier.\" stated Chris Berlet, CEO. \"The Agreement is set up to cover both exploration and exploitation, and it represents a meaningful milestone for the Company as we progress with drilling and development of the San Javier Project.\"Ing. Marco Bernal Portillo, General Manager for Minera Stramin S. de R.L. de C.V. states \"Hemos estado en pláticas y negociaciones con los dirigentes del Ejido San Javier en San Javier, Sonora, con el fin de celebrar un contrato que nos permita desarrollar primero trabajos de exploración y posteriormente la construcción y explotación de una mina. Después de varios meses, hemos llegado a un acuerdo satisfactorio con el Ejido San Javier, un acuerdo justo que nos permitirá estar en condiciones para desarrollar un gran proyecto que se convertirá en una fuente generadora de empleos y riqueza en la región. Agradecemos el apoyo y respaldo que con su anuencia nos da el Ejido y sus integrantes para formar parte del desarrollo de esa región y del estado de Sonora, México.\"(2)Canuc anticipates commencement of drilling in June and will provide an update on exploration activities including soil sampling and structural analysis in the near future. Canuc is also pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle investor relations.In consideration of the investor relations services to be provided, a monthly fee of up to $8,000 CDN may be incu...