CDA Closes Private Placement
February 14, 2020
Canuc Resources Corporation announces the closing of a non-brokered Private Placement for gross proceeds of $850,000.
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Canuc Resources Corporation announces the closing of a non-brokered Private Placement for gross proceeds of $850,000.
The net proceeds from the Offering will be used to advance exploration on the Company’s current projects ($300,000), for generation of new projects ($400,000), marketing of projects to funding partners ($150,000) and the remainder for general corporate purposes.
Mr Tom Ogryzlo, interim CEO, said in a statement that “This is a very important step in the future of the Company. It can pave the way for the Company to produce in the order of 3 million lbs of equivalent copper annually thereby generating cash flow to enable future growth.”
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