- Canuc Resources Corporation (CNUCF, Financial) and Macdonald Mines Exploration Inc. (BMK) have revised the timeline for their acquisition transaction.
- Macdonald Mines will be delisted from TSXV as of market close on May 6, 2025.
- The transaction is expected to close on or around May 7, 2025, with shareholders receiving Canuc shares on the same date.
Canuc Resources Corporation (OTCQB: CNUCF) and Macdonald Mines Exploration Inc. (TSXV: BMK) have announced a revised timeline for their previously announced acquisition transaction. The companies disclosed that the anticipated trading halt of Macdonald Mines shares on May 5, 2025, did not occur. Consequently, the timeline has been adjusted to accommodate procedural changes as requested by the TSXV.
As part of the revised plan, Macdonald Mines will be delisted from the TSXV at the close of the market on May 6, 2025. This delisting is a necessary step in the closing procedures set forth by the TSXV. The definitive record date for Macdonald Mines shareholders to receive Canuc shares is established for May 7, with the transaction anticipated to close after the market closes on or around that date.
Canuc Resources, founded in 1952, focuses on the San Javier Silver-Gold Project in Sonora, Mexico, and generates cash flow from its MidTex Energy Project in Texas. Macdonald Mines, established in 1935, operates the SPJ Project in Ontario, focused on precious and critical metals.
