Canuc Receives Final Approval for Acquisition and Provides Drilling Update
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4
November 2nd, 2018 Shares Outstanding: 62,264,150
ISIN: CA1389093040
Canuc Receives Final Approval for Acquisition and Provides Drilling Update
Canuc Resources Corporation (“ Canuc” or the “ Company”) (TSX-V: CDA) is pleased to
announce that it has received final approva l from the TSX Venture Exchange (the “ Exchange”)
for the previously announced acquisition of Full Circle Energy Ltd. (“Full Circle”).
On October 31st, 2018 the Company received a letter from the Exchange granting final approval
for the acquisition. The Company has caused a wholly-owned subsidiary to amalgamate with
Full Circle. The amalgamated entity will continue to operate under the name Full Circle Energy
Ltd. Canuc has issued 11,810,000 Canuc common shares to the shareholders of Full Circle as
consideration for the transaction, which has a deemed value of $974,325.
The Company is pleased to announce the conclusi on of drilling and casing for the first well (15-
34) which was drilled to a total depth of 1,524 me ters. More information relating to results and
interpretation for this well will be provided in an upcoming technical release.
About Canuc
Canuc is a junior resources co mpany exploring the San Javier Silver-Gold Project in Sonora
State, Mexico. The Company gene rates cash flow from natural ga s production in Central West
Texas, where Canuc has an interest in nine produ cing gas wells and has rights for further in field
developments. The Company also owns six secti ons of undeveloped prosp ective oil acreage in
southwest Saskatchewan and has rights to a Farmi n, and an Area of Mutual Interest (AMI), for a
further 6.3 contiguous sections of land.
For further information please contact Canuc Resources Corporation:
(416) 548 – 9748
Disclaimer and Forward-Looking Statements
This news release contains forward-looking statements with in the meaning of applicable securities laws relating to
the Transaction, including statements regarding the terms and conditions of the Transaction. Readers are cautioned
not to place undue reliance on forward-looking statements . Actual results and developm ents may differ materially
from those contemplated by these statements depending on, among other things, the risk that the parties will not
proceed with the Transaction, that the ultimate terms of the Transactio n will differ from those currently
contemplated, and that the Tr ansaction will not be successfully complete d for any reason (including the failure to
obtain the required approvals or clearances from regulatory authorities, including the Exchange). If the Transaction
is not completed, and the Company continues as an independent entity, there is the risk that the announcement of the
Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could
have an adverse impact on the Company’ s existing business and strategic relationships, operating results and
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business generally. When used in this news release, th e 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 statements. The forward-looking statements are based on
current expectations and apply only as of the date on which they were made. The statements in this news release are
made as of the date of this release. Additional information identifying risks and uncertainties is contained in Canuc's
filings with the Canadian securities regulators, which are available at www.sedar.com.
Completion of the Transaction is subject to Exchange acceptance. There can be no assurance that the Transaction
will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the fili ng statement to be prepared in connection with the
Transaction, any information released or received with respect to the Transaction may not be accurate or complete
and should not be relied upon.