Canuc Resources Corporation Raises $1,315,000 in a Private Placement Financing

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[{"type":"text","content":"\n\n\n Apr. 5, 2011 (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: 47,997,598\n\n\nTORONTO, April 5 /CNW/ - Canuc Resources Corporation ("Canuc" or the\n "Company") today announced that it has raised $1,315,000 in\n non-brokered private placement financing (the "Financing") with one\n strategic investor subscribing for $ 1.0 million dollars. The Company\n has issued 6,575,000 Units at $0.20 per Unit. Each Unit consists of one\n common share and one common share purchase warrant, each warrant\n exercisable at $0.25 for a period of 24 months. The common shares and\n warrants issued will be subject to a hold period of four-months and a\n day from the date of issue, in accordance with the policies of the TSXV\n and applicable securities laws. The Financing is subject to approval of\n TSXV.\n\n\nA finder's fee of $ 36,000 was paid in connection with the Financing.\n\n\nThe proceeds of the financing will be used to fund the Company's\n upcoming exploration program in the province of Nova Scotia and for\n general corporate purposes.\n\n\nThe Company would also like to announce that Mr. Jim Stephenson and Mr.\n Bob Bondy have resigned from the Board of Directors. The Company thanks\n both Mr. Stephenson and Mr. Bondy for their years of service and wishes\n them the best in their future endeavours.\n\n\nAbout Canuc\n\n\nCanuc is a junior mining exploration company with its principal property\n located in Ec...

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