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Canuc Resources, Macdonald Mines Exploration Revise Closing Date Regarding Proposed Acquisition Deal
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Canuc Resources, Macdonald Mines Exploration Revise Closing Date Regarding Proposed Acquisition Deal
May 26, 2025 3:14 AM

10:13 AM EDT, 05/06/2025 (MT Newswires) -- Canuc Resources ( CNUCF ) and Macdonald Mines Exploration ( MCDMF ) on Tuesday announced a revised closing date for a previously announced transaction whereby Canuc will acquire all of the shares of Macdonald Mines.

The closing date of the transaction was adjusted as the anticipated trading halt in respect of the Macdonald Mines shares on May 5 has not taken place.

A statement noted that Macdonald Mines will be delisted from the TSX Venture Exchange as of market close on May 6 and the definitive record date to determine the shareholders of Macdonald Mines that will receive shares in Canuc will be May 7.

The transaction is expected to close post-market closing on or around May 7.

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