Canuc Announces Extension of Final Closing Date for Private Placement
Canuc Resources (TSXV: CDA) (OTCQB: CNUCF) has announced an extension of the final closing date for its previously announced non-brokered private placement financing. The new closing date has been set for May 21, 2025, extended from the earlier dates announced in multiple press releases from February to April 2025.
The proceeds from this financing will be allocated towards two main purposes: covering expenses related to the acquisition of MacDonald Mines Exploration and funding the exploration and development of both new and existing company assets. The completion of this private placement remains subject to TSX Venture Exchange approval.
Canuc Resources (TSXV: CDA) (OTCQB: CNUCF) ha annunciato un'estensione della data finale di chiusura per il suo finanziamento privato non mediato precedentemente comunicato. La nuova data di chiusura è stata fissata al 21 maggio 2025, prorogata rispetto alle scadenze precedentemente indicate in diversi comunicati stampa tra febbraio e aprile 2025.
I proventi di questo finanziamento saranno destinati a due scopi principali: coprire le spese relative all'acquisizione di MacDonald Mines Exploration e finanziare l'esplorazione e lo sviluppo sia di nuovi che di esistenti asset aziendali. Il completamento di questa collocazione privata è subordinato all'approvazione della TSX Venture Exchange.
Canuc Resources (TSXV: CDA) (OTCQB: CNUCF) ha anunciado una extensión de la fecha final de cierre para su financiamiento privado no intermediado previamente anunciado. La nueva fecha de cierre se ha fijado para el 21 de mayo de 2025, extendiéndose respecto a las fechas anteriores comunicadas en varios comunicados de prensa entre febrero y abril de 2025.
Los fondos obtenidos de este financiamiento se destinarán a dos propósitos principales: cubrir los gastos relacionados con la adquisición de MacDonald Mines Exploration y financiar la exploración y desarrollo tanto de los activos nuevos como de los existentes de la empresa. La finalización de esta colocación privada está sujeta a la aprobación de la TSX Venture Exchange.
Canuc Resources (TSXV: CDA) (OTCQB: CNUCF)는 이전에 발표한 비중개 사모펀딩의 최종 마감일 연장을 발표했습니다. 새로운 마감일은 2025년 5월 21일로, 2025년 2월부터 4월까지 여러 보도자료에서 발표된 이전 날짜에서 연장된 것입니다.
이번 펀딩의 수익금은 두 가지 주요 목적에 사용될 예정입니다: MacDonald Mines Exploration 인수 관련 비용 충당과 신규 및 기존 회사 자산의 탐사 및 개발 자금 지원입니다. 이 사모펀딩의 완료는 TSX 벤처 거래소의 승인을 조건으로 합니다.
Canuc Resources (TSXV : CDA) (OTCQB : CNUCF) a annoncé une extension de la date de clôture finale de son financement privé sans courtier précédemment annoncé. La nouvelle date de clôture est fixée au 21 mai 2025, prolongée par rapport aux dates antérieures annoncées dans plusieurs communiqués de presse entre février et avril 2025.
Les fonds issus de ce financement seront affectés à deux objectifs principaux : couvrir les dépenses liées à l'acquisition de MacDonald Mines Exploration et financer l'exploration et le développement des actifs nouveaux et existants de l'entreprise. La réalisation de ce placement privé reste soumise à l'approbation de la TSX Venture Exchange.
Canuc Resources (TSXV: CDA) (OTCQB: CNUCF) hat eine Verlängerung des endgültigen Abschlussdatums für seine zuvor angekündigte nicht vermittelte Privatplatzierung bekanntgegeben. Das neue Abschlussdatum wurde auf den 21. Mai 2025 festgelegt, verlängert gegenüber den zuvor in mehreren Pressemitteilungen von Februar bis April 2025 genannten Terminen.
Die Erlöse aus dieser Finanzierung werden für zwei Hauptzwecke verwendet: zur Deckung der Ausgaben im Zusammenhang mit der Übernahme von MacDonald Mines Exploration sowie zur Finanzierung der Erkundung und Entwicklung neuer und bestehender Unternehmenswerte. Der Abschluss dieser Privatplatzierung steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange.
- Planned acquisition of MacDonald Mines Exploration indicates business expansion
- Continued funding for exploration and development of assets
- Multiple extensions of private placement closing date may indicate challenges in securing funding
- Dilutive effect of private placement on existing shareholders
Toronto, Ontario--(Newsfile Corp. - April 21, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") announces that it is extending the final closing date of its previously announced non-brokered private placement financing (see press releases dated February 13, March 7, March 26, and April 1, 2025). The new final closing date has been extended to May 21, 2025.
Proceeds will be used for expenses associated with completing the acquisition of MacDonald Mines Exploration Ltd. and for the exploration and development of the Company's new and existing exploration and development assets.
The final closure of this private placement is subject to acceptance by the TSX Venture Exchange.
About MacDonald Mines Exploration Ltd.
Founded in 1935, MacDonald Mines Exploration Ltd. is a mineral exploration company focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. The company's flagship project, the
The SPJ Project encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits. Included within the Project is the historical Scadding Gold Mine and associated gold mineralized system and gold bearing tailings. Minerals of interest on SPJ include copper (Cu), gold (Au), cobalt (Co), nickel (Ni) and rare earth elements (REE). MacDonald Mines Exploration Ltd. is committed to responsible and sustainable operations, prioritizing environmental stewardship, safety, and community engagement.
About Canuc
Founded in 1952, Canuc Resources Corporation is a junior resource company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico. The San Javier Silver-Gold Project evidences silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver dominant IOCG and affiliated deposits. The Company also generates cash flow from natural gas production at its MidTex Energy Project located in Central West Texas, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments.
For further information please contact:
Canuc Resources Corporation
Chris Berlet: (416) 525 - 6869
cberlet@canucresources.ca
Forward Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that each of Canuc and/or MacDonald Mines (collectively, the "Corporations") believes, expects or anticipates will or may occur in the future including the Corporations respective strategy, plans or future financial or operating performance, and including statements regarding the completion of or the benefits of the Transaction and the Arrangement.
When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include. Factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporations respective annual financial statements, MD&A and other publicly filed documents.
The Corporations caution that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. There is Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporations do not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249077
FAQ
When is the new closing date for Canuc Resources (CNUCF) private placement?
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