Canuc Announces Agreement with the Ejido of San Javier

http://canucresources.ca/wp-content/uploads/2017/05/05-May-31-Ejido-Agreement.pdf

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) is pleased to advise that the Company has signed a comprehensive agreement (“The Agreement”) with the Ejido(1) of San Javier for lands around the San Javier Project.
The Agreement calls for exploration on 300 hectares of land and also provides binding terms for exploitation (mining) on an area of up to 1,000 hectares. The Agreement requires Canuc to pay $35,000 USD per year during exploration activities and up to $135,000 USD per year during the exploitation phase. The Agreement is binding and has a 25 year term with an additional 5 years provided under Agrarian Laws.

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