Canuc Resources Extends Private Placement Closing Date

Canuc Resources ( (TSE:CDA) ) has issued an update.

Canuc Resources Corporation has announced an extension of the final closing date for its non-brokered private placement financing to May 21, 2025. The proceeds from this financing will be used for the acquisition of MacDonald Mines Exploration Ltd. and for the exploration and development of Canuc’s new and existing assets. This move is expected to enhance Canuc’s operational capabilities and strengthen its position in the resource exploration industry.

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 evidences 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 an interest in eight producing natural gas wells.

YTD Price Performance: 11.11%

Average Trading Volume: 56,330

Technical Sentiment Signal: Buy

Current Market Cap: C$11.2M

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