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May 8, 2025 – TheNewswire - Canuc Resources Corporation (TSXV: CDA) (QTCQB: CNUCF) (“ Canuc ”) and Macdonald Mines Exploration Ltd. (“ Macdonald Mines ”) are pleased to announce the completion of the previously announced arrangement (“ Arrangement ”) whereby Canuc has acquired all of the issued and outstanding shares of Macdonald Mines (the “ Macdonald Mines Shares ”), subject to delivery of post-closing documentation to TSXV and final TSXV acceptance. The Arrangement results in Canuc acquiring 100% of Macdonald Mines Shares and a successor entity to Macdonald Mines becoming a wholly owned subsidiary of Canuc, such that all of the assets and liabilities of Macdonald Mines are now beneficially owned by Canuc. Pursuant to the Arrangement, Canuc issued an aggregate of 73,768,343 shares and shareholders of Macdonald Mines received 1.497 Canuc shares for each Macdonald Mines Share (the “ Exchange Ratio ”), including approximately 1,796,400 Canuc shares issued as a result of the recent exercise of an aggregate of 1,200,000 BMK warrants.
