Business
Canuc Resources Corporation Raises $798,600 in Private Placement Financings
Mar. 18, 2011 (Canada NewsWire Group) -- TSX Venture Exchange Symbol: CDA Shares Outstandin...
About this update from Canuc Resources Corporation
[{"type":"text","content":"\n\n\n Mar. 18, 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, March 18 /CNW/ - Canuc Resources Corporation ("Canuc" or the\n "Company") (TSXV: CDA) today announced that it has raised $745,600 in\n non-brokered private placement financing (the "Financing"). The Company\n has issued 3,728,000 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 commission of $2,400 and 12,000 broker's warrants (the "Broker's\n Warrants") was paid in connection with the Financing. Each Broker's\n Warrant entitles the holder to purchase one Unit at $0.20 for 24\n months.\n\n\nThe Company has also raised an additional $53,000 in a non-brokered\n flow-through financing (the "Flow-Through Financing"). The Company has\n issued 265,000 Flow-Through Units at $0.20 per Flow-Through Unit. Each\n Flow-Through Unit consists of one common share issued on a flow through\n basis and one common share purchase warrant, each warrant exercisable\n at $0.25 for a period of 18 months. All common shares and w...