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Canuc Resources ( (TSE:CDA) ) has issued an update.
Canuc Resources Corporation has announced the final closing of a $3,200,000 CAD private placement financing, raising gross proceeds of $930,000 CAD through the issuance of 9,300,000 units. The funds will be used for the acquisition of MacDonald Mines Exploration Ltd. and the development and exploration of Canuc’s mineral assets. This move is expected to enhance Canuc’s operational capabilities and strengthen its position in the mineral exploration industry, particularly in precious and critical metals.
More about Canuc Resources
Founded in 1952, Canuc Resources Corporation is a junior resource company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico, which involves silver, gold, and copper mineralization. The company also generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA, where it has interests in eight producing natural gas wells and rights for further developments.
YTD Price Performance: 16.67%
Average Trading Volume: 45,433
Technical Sentiment Signal: Buy
Current Market Cap: C$11.2M
Learn more about CDA stock on TipRanks’ Stock Analysis page.