Toronto, Ontario–(Newsfile Corp. – November 27, 2017) – Canuc Resources Corporation (TSXV: CDA) (“Canuc” or the “Company“) announces that it has closed a non-brokered private placement financing with gross proceeds of $464,934, resulting in the issue of 1,162,335 units (“Units“) at a price of $0.40 per Unit.
Each Unit consists of one common share (“Common Share“) of Canuc and one-half of one warrant to purchase one Common Share. Each whole warrant (“Warrant“) entitles the holder to purchase one additional Common Share at a price of $0.60 per Common Share for two years from the closing date of the private placement.