Canuc Announces Extension of Final Closing Date for Private Placement | CNUCF Stock News

4 days ago

Canuc Resources (TSXV: CDA, OTCQB: CNUCF) extends the closing date of its private placement to May 21, 2025.
Funds from the private placement will be used for the acquisition of MacDonald Mines Exploration and asset development.
Final closure of the private placement remains subject to TSX Venture Exchange approval.

Canuc Resources Corporation (TSXV: CDA, OTCQB: CNUCF) has announced an extension of the final closing date for its non-brokered private placement financing. The new deadline has been set for May 21, 2025, marking a revision from previously announced timelines in the months of February to April 2025.

The company plans to allocate the proceeds from this financing towards expenses related to the acquisition of MacDonald Mines Exploration Ltd. and the exploration and development of both new and existing assets. MacDonald Mines Exploration Ltd., founded in 1935, is known for its SPJ Project, a mineral exploration venture in Ontario spread across 19,710 hectares encompassing precious and critical metals.

The successful completion of this private placement is contingent on approval from the TSX Venture Exchange. Canuc Resources continues to focus on its San Javier Silver-Gold Project in Mexico and natural gas production in Texas, USA.

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