MacDonald Mines Signs Letter of Intent with Canuc Resources

MacDonald Mines Exploration Ltd. has announced a non-binding letter of intent with Canuc Resources Corporation. Under the agreement, Canuc will issue 72 million common shares to MacDonald shareholders, valuing the deal at approximately $3.37 million. The LOI remains valid until April 30, 2025, or until an earlier termination.

The acquisition is contingent on several conditions, including a definitive agreement, necessary approvals, and successful due diligence by Canuc. If completed, MacDonald Mines' shares will be delisted from the TSX Venture Exchange, and its shareholders will transition to Canuc shareholders.

No assurances exist that the transaction will proceed as planned. MacDonald Mines has committed to providing updates as the situation evolves.