Northwire Canada EditionFriday, November 13, 2026
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Financings

Canuc Closes Flow-Through Private Placement

By The Northwire Desk — AI Analysis Dec 30, 2025 · 16:16 CDA · 0.095 Canuc Resources Corporation
CDA · Price

Executive Summary

  • Canuc Resources closed a CAD 2,790,000 flow‑through private placement issuing 18,000,000 units at $0.155 per common share.
  • Each unit includes one common share and half of a purchase warrant (exercise price $0.18, two‑year term) with an early‑exercise trigger at a $0.24 average share price.
  • Proceeds are earmarked for exploration of the East Sudbury Project (ESP).

Key Details

  • Financing Structure: 18,000,000 units; each unit = 1 flow‑through common share + ½ warrant.
  • Pricing: CAD 0.155 per common share; warrants allow purchase at $0.18 per share.
  • Warrant Terms: Early‑exercise trigger when 10‑day average TSX‑V price > $0.24; unexercised warrants void after 30 days post‑trigger; two‑year expiry from closing.
  • Hold Period: All securities subject to a hold period expiring 4 months + 1 day after closing.
  • Gross Proceeds: CAD 2,790,000.
  • Use of Proceeds: Dedicated to exploration activities on the East Sudbury Project in Ontario.
  • Closing Condition: Final closing pending acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

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