Canuc Resources Corporation Enters into Definitive Agreement with Santa Rosa Silver Mining

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1454-tsx-venture/cda/23212-canuc-resources-corporation-enters-into-definitive-agreement-with-santa-rosa-silver-mining.html

Toronto, Ontario–(Newsfile Corp. – August 8, 2016) – Canuc Resources Corporation (TSXV: CDA) (“Canuc” or the “Company“) and Santa Rosa Silver Mining Corp. (“Santa Rosa“) are pleased to announce that they have entered into a business combination agreement (the “Definitive Agreement“) dated August 8th, 2016 to combine Canuc and 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 (the “Transaction”).

The Transaction is subject to a number of terms and conditions as set forth in the Definitive Agreement, including (among other things) the approval of the TSX Venture Exchange (the “TSXV” or the “Exchange“). If completed, the Transaction will constitute a reverse take-over transaction (as such term is defined in TSXV policies).

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