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The latest announcement is out from Canuc Resources ( (TSE:CDA) ).
Canuc Resources Corporation has closed a C$2.79 million flow-through private placement, issuing 18 million units at C$0.155 per flow-through common share, each bundled with half a warrant exercisable at C$0.18 for two years and subject to an early exercise trigger and standard hold period. The proceeds will fund exploration at the company’s flagship East Sudbury Project, strengthening its ability to advance critical and precious metal targets in proximity to the Sudbury Mining District, although the financing remains subject to final acceptance by the TSX Venture Exchange.
More about Canuc Resources
Canuc Resources Corporation is a junior resource company focused on developing its 100%-owned East Sudbury Project in Ontario, a 19,710-hectare property near the Sudbury Mining Camp that hosts critical and precious metal mineralization, including the historical Scadding Gold Mine and tailings project. The company also owns the San Javier Silver-Gold Project in Sonora, Mexico, which shows silver, gold and copper mineralization related to silver-dominant IOCG-style systems, and it generates cash flow from eight producing natural gas wells at its MidTex Energy Project in central west Texas, along with a 4% net smelter royalty on gold production from the Scadding Gold Tailings Project.
Average Trading Volume: 141,137
Technical Sentiment Signal: Buy
Current Market Cap: C$25.25M
Find detailed analytics on CDA stock on TipRanks’ Stock Analysis page.