Canuc Resources Corporation (TSX-V: CDA) is a junior resource company headquartered in Toronto, Canada focusing on the acquisition and development of quality resource assets.
Canuc has developed a portfolio of cash generating energy assets, and high-quality metal assets, with a view to developing meaningful and sustainable shareholder value. Canuc has also recently signed a Partnership Agreement with an IoT (Internet of Things) technology company that will focus on the development of IoT applications for Oil & Gas and Mining in the Provinces of Alberta and Saskatchewan in Canada and the State of Texas, USA.
Cash flow from hydrocarbon production and from the development and licensing of IoT applications are components of the Company’s strategy to minimize treasury share issuance and prevent shareholder dilution.
The company is currently raising money to finance a major drilling program.