Canuc Closes Flow-Through Private Placement

Core Viewpoint - Canuc Resources Corporation has successfully closed a CAD 2,790,000 flow-through private placement financing, resulting in the issuance of 18,000,000 units, which will be used for exploration of the East Sudbury Project [1][3]. Financing Details - The private placement consists of units priced at CAD 0.155 per common share, with each unit including one half of a common share purchase warrant [1]. - Each warrant allows the holder to purchase an additional common share at CAD 0.18 for two years, with an early exercise provision triggered if the 10-day average price exceeds CAD 0.24 [2]. Project Information - The proceeds from the financing will be allocated to the exploration of the East Sudbury Project (ESP), which spans 19,710 hectares and is located near the Sudbury Mining Camp [3][4]. - The ESP includes historical mining sites such as the Scadding Gold Mine and is associated with critical and precious metal mineralization [4]. Additional Projects - Canuc also holds a 100% interest in the San Javier Silver-Gold Project in Mexico, covering 1,052 hectares and showing extensive mineralization [5]. - The company generates cash flow from natural gas production at the MidTex Energy Project in Texas, with rights for further developments [6].