March 7rh, 2025 Shares Outstanding: 160,006,150 ISIN: CA1389093040 Canuc Announces Terms of a Private Placement Financing
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FOR IMMEDIATE RELEASE TSX-V: CDA | CNUCF | WKN: A14 ZX4
March 7rh, 2025 Shares Outstanding: 160,006,150
ISIN: CA1389093040
Canuc Announces Terms of a Private Placement Financing
Canuc Resources Corporation (“Canuc” or the “Company”) (TSX -V: CDA) (OTCQB: CNUCF)
announces terms of a non-brokered private placement financing (“Private Placement”) which is
a condition of the Arrangement Agreement with MacDonald Mines Exploration Inc. (TSX-V:
BMK) (OTC: MCDMF) (“MacDonald Mines”).
On Feb 13th, 2025, Canuc and MacDonald Mines announced terms of an Arrangement Agreement
whereby Canuc will purchase all outstanding shares of MacDonald Mines. Under the terms of the
Arrangement Agreement Canuc is also required to complete equity financing for a minimum of
$500,000 CAD.
In connection with this Private Placement condition Canuc will issue a minimum of 5,000,000
Units and up to a maximum of 32,000,000 Units. Each Unit will be priced at $0.10 and will consist
of one common share, and one common share purchase warrant exercisable at $0.15 per share for
a period of two years from the closing of the Private Placement.
Proceeds of the Private Placement will be used for completion of the proposed transaction and for
the development of the Company’s new and existing exploration and development assets.
About MacDonald Mines Exploration Ltd.
Founded in 1935, MacDonald Mines Exploration Ltd. is a mineral exploration company focused
on the evaluation, acquisition, and development of precious and critical metals properties in
Ontario. The company’s flagship project, the 100% owned SPJ Project, spans 19,710 hectares and
is situated approximately 40 kilometers northeast of the prolific Sudbury Mining Camp. and near
to the extensive infrastructure of the adjacent Sudbury Mining District.
The SPJ Project encompasses several centers of critical and precious metal mineralization
interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious
mineral deposits. Included within the Project is the historical Scadding Gold Mine and associated
gold mineralized system and gold bearing tailings. Minerals of interest on SPJ include copper (Cu),
gold (Au), cobalt (Co), nickel (Ni) and rare earth elements (REE). MacDonald Mines Exploration
Ltd. is committed to responsible and sustainable operations, prioritizing environmental
stewardship, safety, and community engagement.
About Canuc Resources Corporation
Founded in 1954, Canuc Resources Corporation is a junior resource company focusing on the San
Javier Silver-Gold Project in Sonora State, Mexico. The San Javier Silver-Gold Project evidences
silver, gold and copper mineralization interpreted to be related to a mineral sy stem that can form
silver dominant IOCG and affiliated deposits. The company also generates cash flow from natural
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gas production at its MidTex Energy Project located in Central West Texas, USA where Canuc has
an interest in eight (8) producing natural gas wells and has rights for further in field developments.
For further information please contact:
Canuc Resources Corporation
Chris Berlet: (416) 525 – 6869
Forward Looking Information
This news release contains forward -looking information. All information, other than information of historical fact,
constitute “forward -looking statements” and includes any information that addresses activities, events or
developments that Canuc believes, expects or anticipates will or may occur in the future including the Corporations
strategy, plans or future financial or operating performance, and including statements regarding the completion of or
the benefits of the private placement.
When used in this news release, the 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 information. The forward-looking information is based on current expectations and applies
only as of the date on which they were made. The factors that could cause actual results to differ materially from those
indicated in such forward -looking information include. Factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be set out in the Corporations annual financial statements,
MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such information. Accordingly,
investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation
does not assume any obligation to release publicly any revisions to forward -looking information contained in this
press release to reflect events or circumstances after the date hereof.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.