CDA Canuc Resources Corporation

TSX Venture Exchange Symbol: CDA Shares Outstanding: 62,535,798 TORONTO, Dec. 22, 2011 /CNW/ - Canuc Resources Corporation ("Canuc" or the "Company") is pleased to announce the closing of a non-brokered private placement of $600,000 (the "Financing"). The Company has issued 3,000,000 Units at $0.20 per Unit.  Each Unit consists of one common share issued on a flow through basis and one half common share purchase warrant, each whole warrant exercisable at $0.28 for a period of 12 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 commission of $30,000 and 200,000 broker's options (the "Broker's Options") was paid in connection with the Financing.  Each Broker's Option entitles the holder to purchase one Unit at $0.20 for 12 months. The proceeds of both financings will be used to fund the Company's upcoming exploration program in the province of Nova Scotia and for general corporate purposes. "We are very pleased to be funded for exploration in the gold bearing Meguma Terrane in Nova Scotia. The potential to host significant gold deposits in the Meguma has recently been demonstrated by both Atlantic Gold NL and Acadian Mining Corporation north of Halifax and we believe the same potential exists in the southern portion of the province. In 2012, Canuc will be focusing its exploration efforts at Mill Village and elsewhere in the southern Meguma as we expand our land position in Nova Scotia. About Canuc Canuc is a Canadian based exploration Company focused on identifying and developing mineral projects in the Americas. The Company has been carefully assessing and acquiring assets in Nova Scotia, Canada and Texas, USA to complement its Ecuadorian mineral assets.  Management considers that these projects currently offer a particularly favourable environment for mineral exploration and development.  The Company intends to continue to acquire quality precious metal projects in the Americas.  Management of the Company has a proven record of discovery, resource expansion, permitting and developing projects through to production. 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. Canuc Resources Corporation CONTACT: Gary Lohman, President & CEO Chris Chadder, CFO416-867-1300 416-867-1300glohman@canucresources.ca cchadder@canucresources.ca

Copyright