Cash Flow Strategies
Canuc Resources Corporation (TSX-V: CDA) has two businesses which were acquired and developed to support cash flow for the Company. Cash flow minimizes unnecessary shareholder dilution.
Canuc also has two businesses which were acquired and developed to support cash flow for the Company. Cash flow is sought to cover corporate costs and minimize unnecessary shareholder dilution.
2011 MidTex Natural Gas, Texas USA
Canuc has low risk, long life natural gas wells in West Texas, USA. There are currently 8 producing wells. Each well has further productive zones, behind pipe and up-well, that can provide cash flow for the Company pursuant to draw down of the natural gas formations that are currently producing.
Canuc has commercial interests in two leases covering a combined 2,320 hectares. Both leases can support further wells which can be drilled and completed pursuant to draw down of the current wells.
Gross revenue of $2.25M CAD has been derived from natural gas production since acquiring the project for shares in 2011. This cash flow serves to minimize unnecessary shareholder dilution.
2019 Internet of Things (IoT) Partnership Agreement
In Q.4 2019 Canuc signed a Strategic Partnership Agreement with Ioticiti Networks Inc. (www.ioticiti.com). The Strategic Partnership Agreement provides that Canuc will receive exclusivity for Ioticiti Networks Inc. Oil & Gas industry applications in the Provinces of Albert and Saskatchewan in Canada and the State of Texas, USA.
Canuc will receive 20% of revenue for applications developed in the Oil & Gas industry as well as for applications brought by Canuc and developed in the mining business.
Cash flow from the development and licensing of IoT applications is a component of the Company’s strategy to minimize treasury share issuance and unnecessary shareholder dilution.