Canuc To Issue Shares for Debt
Toronto, Ontario--(Newsfile Corp. - April 7, 2015) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") announces that it intends to enter into a non-arm's length shares for debt transaction (the "Transaction") to settle an aggregate of $60,000 in outstanding debt (the "Debt") owed to 1140205 Ontario Inc. for past services rendered. Subject to approval of the TSX Venture Exchange, the Company intends to issue an aggregate of 1,200,000 common shares at a deemed price of $0.05 per...
2015-04-07 4:30 PM EDT
Canuc Provides Board Update
Toronto, Ontario--(Newsfile Corp. - March 12, 2015) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") wishes to announce the appointment of Robert Lelovic to the Board of Directors. Mr. Lelovic worked for one of the world's largest professional services firms for over ten years and has extensive experience in public company reporting, corporate governance, and compliance. His work has spanned a variety of industries including consumer industrial products, technology, oil and gas, and mining. Mr. Lelovic is the...
2015-03-12 3:55 PM EDT
Canuc Divests its Mining Interests in Ecuador
Toronto, Ontario--(Newsfile Corp. - October 17, 2014) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") wishes to report that it has entered into an agreement to transfer ownership of the Company's wholly owned Ecuadorian subsidiary to Mr. Jorge Guzman of Quito, Ecuador. The agreement calls for Mr. Guzman to pay to Canuc a royalty of US$10,000 per month after stabilized production has been reached. The Company has also retained the right to acquire a 49% interest in Mr....
2014-10-17 8:30 AM EDT
Canuc Provides Management Update
Toronto, Ontario--(Newsfile Corp. - October 8, 2014) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") wishes to report changes in its management structure. Effective October 1st 2014, Mr. H.J. Mockler will assume the position of CEO. Mr. Mockler was President and CEO of the Corporation for nearly 20 years until 2011 when he became Chairman of the Corporation. During that time Mr. Mockler guided the Company through some very difficult years managing to keep the Corporation solvent and...
2014-10-08 8:30 AM EDT
Canuc Provides Thompson Gas Lease Update
Toronto, Ontario--(Newsfile Corp. - September 3, 2014) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to report a sixth meaningful success in the Thompson Lease (800 acre combined lease package) with the completion of the Thompson "C" well in Stephens County, Texas. This well was spudded on the Thompson Lease approximately 1,600 feet due east of the Thompson "40" well which was completed in January 2012. The well was drilled to a depth of...
2014-09-03 8:22 AM EDT
Canuc Closes Financing
Toronto, Ontario--(Newsfile Corp. - November 18, 2013) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to report it has closed the previously announced non-brokered equity private placement. The equity units were priced at $0.05 per unit and are comprised of a common share and a warrant. Each warrant is exercisable at a price of $0.05 per share for the first two years following the closing date and then at $0.10 per share for the second two...
2013-11-18 3:42 PM EST