PriceSensitive

Canuc Resources (TSXV:CDA) closes private placement

Mining
TSXV:CDA
17 August 2022 10:45 (EDT)

Canuc Resources Corporation (CDA) has closed a non-brokered private placement for gross proceeds of $270,000.

Canuc Resources issued 1,800,000 units.

Each unit consists of one common share priced at $0.15 per share and one-half of one common share purchase warrant.

Each whole warrant entitles the holder to purchase one additional common share at $0.25 for a period of two years.

Warrants are subject to an acceleration clause.

Proceeds will be used to fund exploration on the its San Javier Silver-Gold Project.

Canuc is a junior resource company focused on its San Javier Silver-Gold Project in Sonora State, Mexico.

Canuc Resources Corporation opened trading at $0.09.

Related News