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Canuc Resources Corp. and Macdonald Mines Exploration Inc. Announce Revised Closing Date Regarding Proposed Acquisition Transaction
Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB...
About this update from Canuc Resources Corporation
[{"type":"text","content":"Canuc Resources Corp. and Macdonald Mines Exploration Inc. Announce Revised Closing Date Regarding Proposed Acquisition TransactionToronto, Ontario--(Newsfile Corp. - May 6, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (\"Canuc\") and Macdonald Mines Exploration Inc. (TSXV: BMK) (OTC Pink: MCDMF) (\"Macdonald Mines\") announce a delay in the previously announced transaction whereby Canuc will acquire all of the shares of Macdonald Mines (the \"Transaction\").The anticipated trading halt in respect of the Macdonald Mines shares on May 5, 2025 has not occurred. As a result, the closing date of the Transaction has been adjusted. In order to accommodate the closing and procedures thereof, the TSXV has requested that Macdonald Mines delist from the TSXV prior to the closing of the Transaction. As a result, Macdonald Mines will be delisted from the TSXV as of market close on May 6th and the definitive record date to determine the shareholders of Macdonald Mines that will receive shares in Canuc will be May 7th. Transaction is expected to close post-market closing on or around May 7th. 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 100% owned SPJ Project, spans 19,710 hectares and is situated approximately 40 kilometers northeast of the prolific Sudbury Mining Camp. and near to the extensive infrastructure of the adjacent Sudbury Mining District. 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 Resources CorporationFounded in 1952, Canuc Resources Corporation is a junior resource company focusing on the San Javier Silve...