Business
Canuc Resources Corporation Raises $100,000 in Flow-Through Private Placement Financing
Dec. 31, 2010 (Canada NewsWire Group) -- TSX Venture Exchange Symbol: CDA Shares Outstandin...
About this update from Canuc Resources Corporation
[{"type":"text","content":"\n\n\n\n Dec. 31, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Venture Exchange\nSymbol: CDA\nShares Outstanding: 43,504,598\n\n\nTORONTO, Dec. 31 /CNW/ - Canuc Resources Corporation ("Canuc" or the\n "Company") (TSX Venture: CDA) today announced that it has raised\n $100,000 in the first tranche of the non-brokered flow-through private\n placement financing (the "Financing").  The Company has issued 500,000\n common shares at $0.20 per share and issued 250,000 common share\n purchase warrants exercisable at $0.25 for a period of 18 months. The\n common shares issued will be subject to a four-month hold period\n expiring May 1, 2011. The proceeds of the Financing will be used to\n fund the Company's upcoming exploration program in the province of Nova\n Scotia.\n\n\nA commission of 8% cash and 8% broker warrants was paid on gross\n proceeds.\n\n\nAbout Canuc\n\n\nCanuc is a junior mining exploration company with its principal\n properties located in Ecuador. Canuc's main holding today is an\n approximate 85% interest in the Nambija Gold Mine located in\n south-eastern Ecuador. According to records obtained from the Central\n Bank of Ecuador, it is estimated that, to date, nearly 3 million ounces\n of gold have been produced using the most primitive of mining and\n milling recovery processes from the Nambija area.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the ...