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Canuc Resources Corporation Receives Conditional Approval of Previously Announced Transaction from TSX Venture Exchange and Appoints New Chief Financial Officer
Conditional Approval and Filing Statement TORONTO, ON / ACCESSWIRE / November 24, 2016 ...
About this update from Canuc Resources Corporation
[{"type":"text","content":"Canuc Resources Corporation Receives Conditional Approval of Previously Announced Transaction from TSX Venture Exchange and Appoints New Chief Financial OfficerConditional Approval and Filing Statement\nTORONTO, ON / ACCESSWIRE / November 24, 2016 / Canuc Resources Corporation (TSXV: CDA) (\"Canuc\" or the \"Company\") is pleased to announce that the Company has received conditional approval from the TSX Venture Exchange (the \"TSXV\") for the reverse takeover transaction previously announced on August 29, 2016 (the \"Transaction\"). The Transaction involves the combination of Canuc and Santa Rosa Silver Mining Corp. (\"Santa Rosa\") by way of an amalgamation of Santa Rosa and a wholly-owned subsidiary of Canuc, to form one company as a wholly-owned subsidiary of Canuc. Completion of the Transaction and the listing of the combined entity remains subject to a number of conditions including those imposed by the TSXV, which include receipt by the TSXV of satisfactory final documentation in respect of the Transaction, completion of a concurrent equity financing for minimum gross proceeds of $1.3 million and receipt by the Company of the written consent of the holders of more than 50% of the issued and outstanding common shares of the Company held by disinterested shareholders.\nCanuc has filed on SEDAR the filing statement dated November 24, 2016 (the \"Filing Statement\"). Investors are encouraged to review the Filing Statement on Canuc's profile at www.sedar.com, which provides detailed information about, among other things, the reverse takeover transaction and the resulting issuer. Canuc intends to maintain the trading halt which resulted from the announcement of the Transaction until the Transaction is complete pursuant to the rules of the TSXV.\nAppointment of New Chief Financial Officer\nCanuc is also pleased to announce the appointment, subject to TSXV approval, of Julio DiGirolamo as Chief Financial Officer effective as of November 29, 2016. Mr. DiGirolamo replaces Robert Lelovic, who will resign from his positions as director and Chief Financial Officer effective as of November 29, 2016. Canuc would like to thank Mr. Lelovic for his hard work, dedication and contributions during his tenure at the Company and wishes him all the best in his future ventures.\nMr. DiGirolamo is a Chartered Accountant with over 21 years of senio...