Canuc Establishes Independent Review Committee for Scadding Gold Mine
Toronto, Ontario--(Newsfile Corp. - June 5, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce that the Company's Board of Directors has established an Operating Conflicts Independent Review Committee ("IRC") for reviewing work initiatives relating to development of the Scadding Gold Mine. BackgroundIn November of 2022, MacDonald Mines Exploration Ltd. sold 63.9 hectares, including a gold tailings impound area, from the company's SPJ Project to Environmental Tailings Corporation ("ETC"). ETC is a company...
2025-06-05 9:00 AM EDT
Canuc Announces New Board Member
Toronto, Ontario--(Newsfile Corp. - May 22, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce that Mr. Kevin Olson has joined the Company's Board of Directors. Mr. Olson is an active member of the Society of Petroleum Engineers (SPE). He has more than two decades of experience driving technology and innovation in the oil and gas industry and has recently served as Director of Global Sales at Core Laboratories N.V., a reservoir...
2025-05-22 9:00 AM EDT
Canuc Acquires MacDonald Mines
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - Canuc Resources Corporation (TSXV: CDA) (QTCQB: CNUCF) ("Canuc") and Macdonald Mines Exploration Ltd. ("Macdonald Mines") are pleased to announce the completion of the previously announced arrangement ("Arrangement") whereby Canuc has acquired all of the issued and outstanding shares of Macdonald Mines (the "Macdonald Mines Shares"), subject to delivery of post-closing documentation to TSXV and final TSXV acceptance.The Arrangement results in Canuc acquiring 100% of Macdonald Mines Shares and a successor entity to...
2025-05-08 8:43 AM EDT
Canuc Resources Corp. and Macdonald Mines Exploration Inc. Announce Revised Closing Date Regarding Proposed Acquisition Transaction
Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc") and Macdonald Mines Exploration Inc. (TSXV: BMK) (OTC Pink: MCDMF) ("Macdonald Mines") announce a delay in the previously announced transaction whereby Canuc will acquire all of the shares of Macdonald Mines (the "Transaction").The anticipated trading halt in respect of the Macdonald Mines shares on May 5, 2025 has not occurred. As a result, the closing date of the Transaction has been adjusted. In order to accommodate...
2025-05-06 9:26 AM EDT
Canuc Announces Final Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") reports closing of the final tranche of a previously announced $3,200,000 CAD private placement financing ("Private Placement") (see press releases Feb 13, March 7 & 26 and April 1, 2025) for gross proceeds of $930,000 CAD. The closing of this final tranche of the Private Placement results in the issuance of 9,300,000 units. Each unit consists of one common share ("Common...
2025-05-01 9:00 AM EDT
Canuc Announces Extension of Final Closing Date for Private Placement
Toronto, Ontario--(Newsfile Corp. - April 21, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") announces that it is extending the final closing date of its previously announced non-brokered private placement financing (see press releases dated February 13, March 7, March 26, and April 1, 2025). The new final closing date has been extended to May 21, 2025.Proceeds will be used for expenses associated with completing the acquisition of MacDonald Mines Exploration Ltd. and for the...
2025-04-21 9:00 AM EDT
Canuc Closes Private Placement Tranche
Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Canuc Resources Corporation. (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") announces closing of the first tranche of its previously announced private placement financing (see press releases March 26, 2025, March 7, 2025, and February 13, 2025) with gross proceeds of $2,270,000 and the issuance of 22,700,000 Units. Each Unit consists of one common share ("Common Share") priced at $0.10 per share, and one common share purchase warrant ("Warrant"). Each Warrant entitles...
2025-04-01 9:00 AM EDT
Canuc Resources Corp. and Macdonald Mines Exploration Inc. Provide Time Sensitive and Critical Supplemental Information to Special Meeting Information Circular Regarding Proposed Acquisition Transaction
Toronto, Ontario--(Newsfile Corp. - March 26, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc") and Macdonald Mines Exploration Inc. (TSXV: BMK) (OTC Pink: MCDMF) ("Macdonald Mines" or the "Company") would like to update shareholders ("Shareholders") of Macdonald Mines and provide certain supplemental information with respect to the previously announced transaction with Canuc (see press releases of December 3, 2024 and February 13, 2025).The MeetingThe special meeting of Company Shareholders (the "Meeting") is scheduled to be held on March 31,...
2025-03-26 1:45 PM EDT
Canuc Announces Terms of a Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - March 7, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") announces terms of a non-brokered private placement financing ("Private Placement") which is a condition of the Arrangement Agreement with MacDonald Mines Exploration Inc. (TSXV: BMK) (OTC Pink: 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...
2025-03-07 4:30 PM EST
Canuc Resources Corp. Announces Arrangement Agreement to Acquire Macdonald Mines Exploration Inc.
Toronto, Ontario--(Newsfile Corp. - February 13, 2025) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc") and Macdonald Mines Exploration Inc. (TSXV: BMK) (OTC PINK: MCDMF) ("Macdonald Mines") are pleased to announce, further to their respective press releases dated December 3rd, 2024, that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Canuc will acquire all of the issued and outstanding shares of Macdonald Mines (the "Transaction"). The Transaction is to be completed by way...
2025-02-13 9:00 AM EST
Canuc Announces LOI with Macdonald Mines Exploration Inc.
Toronto, Ontario--(Newsfile Corp. - December 3, 2024) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with Macdonald Mines Exploration Inc. (TSXV: BMK) ("Macdonald Mines"), whereby Canuc will acquire all issued and outstanding shares of Macdonald Mines.Under the terms of the LOI, Canuc Resources Corporation will issue 72,000,000 common shares of Canuc to the shareholders of Macdonald Mines as consideration for the acquisition. The LOI...
2024-12-03 9:30 AM EST
Canuc Resources Completes Successful Gas Well Workover in the Prolific Oil-Producing Region of West Texas
Toronto, Ontario--(Newsfile Corp. - August 13, 2024) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce completion of a previously reported repair and workover operation. The successful workover operation was undertaken on the natural gas producing Coody-Morales Trac 3-3 well held by the Company's 100% owned subsidiary MidTex Oil and Gas Corporation ("MidTex"). Founded in 2011 in the Province of Ontario Canada, MidTex holds ownership and lease rights for (8) producing natural gas...
2024-08-13 9:00 AM EDT
Canuc Announces Natural Gas Production Workover in West Texas
Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") announces that the Company is undertaking repair and workover operations for the natural gas producing wells held by the Company's 100% owned subsidiary MidTex Oil and Gas Corporation ("MidTex"). MidTex has ownership and lease rights for (8) producing natural gas wells in Stephens County, West Texas and also holds rights for further in field developments.The Big Saline Formation is a natural...
2024-05-22 9:00 AM EDT
Canuc Initiates Mapping and Sampling Program at San Javier
Toronto, Ontario--(Newsfile Corp. - January 3, 2024) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce the commencement of a geological mapping and sampling program at the Company's San Javier Silver-Gold Project in Sonora State, Mexico. The mapping and sampling program will cover an area of interest previously identified as hosting IOCG deposit potential and is designed to provide information relevant for targeting in an upcoming drill program.The geological mapping and sampling...
2024-01-03 9:00 AM EST
Canuc Acquires Additional Claim at San Javier
Toronto, Ontario--(Newsfile Corp. - July 11, 2023) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce the signing of an agreement to acquire an additional claim at the San Javier Silver-Gold Project in Sonora State, Mexico. The newly acquired claim is contiguous with the Company's existing claims and covers a total of 96.5051 hectares of prospective ground. The acquisition of this additional claim at San Javier brings the Company's total contiguous claim position...
2023-07-11 9:00 AM EDT
Canuc Closes Private Placement
Toronto, Ontario--(Newsfile Corp. - July 4, 2023) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce the closing of a non-brokered private placement financing ("Private Placement"), raising gross proceeds of $2,000,000 CAD (out of a maximum of $2,000,000) through the issuance of 25,000,000 Units (out of a maximum of 25,000,000 Units) at $0.08 per Unit. Each Unit consists of one common share ("Common Share") priced at $0.08 per Common Share, and one half...
2023-07-04 9:00 AM EDT
Canuc Closes First Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - June 16, 2023) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce closing of a first tranche of a non-brokered private placement financing ("Private Placement"), raising gross proceeds of $1,285,000 CAD through the issuance of 16,062,500 units at $0.08 per unit. Each unit consists of one common share ("Common Share") priced at $0.08 per Common Share, and one half of one common share purchase warrant ("Warrant"). Each whole Warrant...
2023-06-16 4:00 PM EDT
Canuc Closes Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 16, 2023) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce the closing of a non-brokered private placement for gross proceeds of $900,000 CAD ("Private Placement"). The closing of this Private Placement results in the issuance of 11,250,000 units. Each unit consists of one common share ("Common Share") priced at $0.08 per Common Share, and one half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles...
2023-03-16 2:05 PM EDT
Canuc Closes Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - January 9, 2023) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce the closing of a non-brokered private placement for gross proceeds of $680,000 CAD ("Private Placement"). The closing of this Private Placement results in the issuance of 8,500,000 units. Each unit consists of one common share ("Common Share") priced at $0.08 per Common Share, and one half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the...
2023-01-09 5:07 PM EST
Canuc Signs Comprehensive Agreement with the Ejido of San Javier
Toronto, Ontario--(Newsfile Corp. - December 2, 2022) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce that the Company's wholly owned subsidiary, Minera Canuc S. de R.L. de C.V., has signed a comprehensive agreement (the "Agreement") with the Ejido of San Javier.The Agreement was signed by Minera Canuc S. de R.L. de C.V. and the properly constituted Ejido of San Javier and provides for unrestricted exploration access for a period of 10...
2022-12-02 9:00 AM EST