Northwire Canada EditionFriday, November 13, 2026
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Financings

Canuc closes $2.79-million private placement

By The Northwire Desk — AI Analysis Dec 30, 2025 · 17:43 CDA · 0.095 Canuc Resources Corporation
CDA · Price

Executive Summary

  • Canuc Resources Corp. has closed a $2.79-million flow-through private placement financing.
  • The transaction resulted in the issuance of 18 million units, comprising flow-through common shares and warrants.
  • Proceeds from the financing are designated for the exploration of the company's East Sudbury project.

Key Details

  • Total Gross Proceeds: $2.79 million.
  • Units Issued: 18 million units.
  • Share Price: 15.5 cents per common share.
  • Warrant Terms: Each unit includes one-half of one common share purchase warrant.
    • Exercise Price: 18 cents per share.
    • Duration: Two years from the closing of the private placement.
    • Early Exercise Provision: Warrants may be triggered for exercise if the 10-day average price of common shares on the TSX Venture Exchange exceeds 24 cents per share.
    • Expiration: Any unexercised warrants become null and void 30 days after the trigger date.
  • Hold Period: All securities are subject to a hold period of four months and one day from the date of closing.
  • Use of Proceeds: Exploration of the East Sudbury project.
  • Regulatory Status: The final closing is subject to acceptance by the TSX Venture Exchange.
Read the original news release →

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