11-May-20-CDA-Closes-Private-Placement

Canuc Resources Corporation (“Canuc” or the “Company”) (TSX-V: CDA) announces the closing of a non-brokered Private Placement for gross proceeds of $100,000. The closing of this Private Placement results in issuance of 1,000,000 Units. Each Unit consists of one common share (“Common Share”) priced at 10 cents and one half of one warrant (“Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at 15 cents for a period of two years from the closing of the Private Placement. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing. Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold
Project, and for general working capital.