Canuc Resources Corporation Raises $1,315,000 in a Private Placement Financing

TORONTO, April 5 /CNW/ -- 
TSX Venture Exchange
Symbol: CDA
Shares Outstanding: 47,997,598


TORONTO, April 5 /CNW/ - Canuc Resources Corporation ("Canuc" or the
 "Company") today announced that it has raised $1,315,000 in
 non-brokered private placement financing (the "Financing") with one
 strategic investor subscribing for $ 1.0 million dollars. The Company
 has issued 6,575,000 Units at $0.20 per Unit. Each Unit consists of one
 common share and one common share purchase warrant, each warrant
 exercisable at $0.25 for a period of 24 months. 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 TSXV
 and applicable securities laws. The Financing is subject to approval of
 TSXV.


A finder's fee of $ 36,000 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.


The Company would also like to announce that Mr. Jim Stephenson and Mr.
 Bob Bondy have resigned from the Board of Directors. The Company thanks
 both Mr. Stephenson and Mr. Bondy for their years of service and wishes
 them the best in their future endeavours.


About Canuc


Canuc is a junior mining exploration company with its principal property
 located in Ecuador. Canuc also has an option on the Mill Village gold
 property located near Liverpool Nova Scotia.


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/April2011/05/c9687.html



table border="0" tr td valign="top" align="left" Gary Lohman, President & CEO  /td td   /td td   /td td   /td td   /td td   /td td valign="top" align="left" Ken Murton, Chairman /td /tr tr td valign="top" align="left" 416-867-1300  /td td   /td td   /td td   /td td   /td td   /td td valign="top" align="left" 416-920-2748 /td /tr tr td valign="top" align="left" a href="mailto:[e-mail]"[e-mail]/a  /td td   /td td   /td td   /td td   /td td   /td td valign="top" align="left" a href="mailto:[e-mail]"kmurton@canucresource/aa href="mailto:[e-mail]"s.ca/a /td /tr /table 

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