Canuc Resources Corporation press release
Canuc's Share Consolidation Effective September 3, 2015
TSXV - TSX Venture Exchange · Silver · Gold · Copper · Cobalt · Nickel · Rare Earth Elements · Natural Gas · Oil · Canada
##
Toronto, Ontario--(Newsfile Corp. - September 8, 2015) - As of September 3rd, 2015, the share consolidation for Canuc Resources Corporation (TSXV: CDA) has taken effect. The authorized capital of the Corporation has been altered by consolidating all of the issued and outstanding Common Shares on the basis of one (1) new Common Share for every ten (10) existing Common Shares. Any fractional shares arising from the consolidation of Common Shares have been rounded down to the nearest whole share.
Share consolidation was approved by Company shareholders at the Company's annual and special meeting held in Toronto, Canada on August 17th, 2015 and by resolution of the board.
The Company is also pleased to announce that Marc-André Lavoie was appointed as a director of the Corporation on August 17th, 2015.
Mr. Lavoie has extensive experience with international financial markets and natural resources. He is currently Managing Director of Gestion Macber Inc., a private investment company. Previously, he has acted as CEO and director of two publicly traded natural resources companies. Prior to that, Mr. Lavoie worked for approximately 15 years as a capital markets banker, primarily with BNP Paribas in London and New York. He holds a Bachelor's degree from St-Francis Xavier University in Nova Scotia, a Master's degree from the London School of Economics, and a Master's degree from Cambridge University in the U.K.
About Canuc
Canuc Resources Corporation is a junior resources company engaged in the exploration and development of mineral properties in North and South America. In addition, the company is active in the development of a natural gas field in Central West Texas where it has an interest in seven producing gas wells. These wells generate a sustainable cash-flow with the potential to increase the income stream by the drilling and completion of additional wells.
For Further Information:
Hub Mockler, Chairman & CEO 416-867-1300
_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__._
Forward-Looking Statements
_This news release contains forward-looking statements that include risks and uncertainties. __When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. __The forward-looking statements are based on current expectations and apply only as of the date on which they were made. __The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, __the prevailing price of natural gas, __the Canadian-__United__States exchange rate, __amount of gas produced__that could affect revenues and production costs. __Other factors such as uncertainties regarding government regulations could also affect the results. __Other risks may be set out in __the Company's annual financial statements and MD&A._
copyright (c) newsfile corp. 2015. all rights reserved