Canuc Resources Corporation Closes $235,000 in a Private Placement Financing

TORONTO, June 7, 2011 /CNW/ -- 
TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 55,612,598


TORONTO, June 7, 2011 /CNW/ - Canuc Resources Corporation ("Canuc" or
 the "Company") today announced that it has closed $235,000 in a
 non-brokered private placement financing (the "Financing"). The Company
 has issued 940,000 Units at $0.25 per Unit. Each Unit consists of one
 common share and one common share purchase warrant, each warrant
 exercisable at $0.35 for the first 12 months and $0.45 for the
 following 12 month period. The common shares and warrants issued will
 be subject to a hold period of four-months and a day from the date of
 issue, in accordance with the policies of the TSX Venture Exchange Inc.
 (the "TSXV") and applicable securities laws. The Financing is subject
 to approval of the TSXV.


A finder's fee of $14,800 cash and 59,200 broker warrants was paid in
 connection with the Financing.

The proceeds of the financing will be used to fund the Company's
 upcoming exploration program in the province of Nova Scotia and for
 general corporate purposes.



About Canuc

Canuc is a junior mining exploration company with its principal
 properties located in Ecuador and Nova Scotia. Canuc's main holding is
 an approximate 85% interest in the Nambija Gold deposit located in
 south-eastern Ecuador. According to records obtained from the Central
 Bank of Ecuador, it is estimated that, to date, nearly 3 million ounces
 of gold have been produced using the most primitive of mining and
 milling recovery processes from the Nambija area.

Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of
 this release.


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/07/c3557.html



p  /p table border="0" valign="top" tr td Gary Lohman, President & CEObr/ 416-867-1300br/ a href="mailto:[e-mail]" font-weight="bold"[e-mail]/a /td td br/ br/  /td td br/ br/  /td td br/ br/  /td td Hubert Mockler, Executive Vice Chairmanbr/ 416-416-867-1300br/ a href="mailto:[e-mail]" font-weight="bold"hmockl/aa href="mailto:[e-mail]" font-weight="bold"[e-mail]/a /td /tr /table 

Copyright