Arctic Hunter Announces Private Placement
ARCTIC HUNTER URANIUM INC.
Suite 501 - 675 West Hastings Street · Vancouver · British Columbia · V6B 1N2 Telephone: (604) 681-3131 Facsimile: (604) 408-3884
NEWS RELEASE
May 19, 2011 CNSX Trading Symbol: AHU
ARCTIC HUNTER ANNOUNCES PRIVATE PLACEMENT
CALGARY, ALBERTA - Arctic Hunter Uranium Inc. (CNSX: AHU) (“Arctic Hunter” or the “Company”) is pleased to announce a private placement of up to $75,000 through the sale of 300,000 units of the Company at a price of $0.25 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 2 years from closing at an exercise price of $0.35.
The proceeds from the private placement will be used for exploration drilling activities in the Landrose area of west-central Saskatchewan and for general working capital.
ABOUT ARCTIC HUNTER
The Company is Canadian resource exploration and development Company that is involved in the acquisition, exploration and development of oil and gas properties in Western Canada and mineral exploration projects in North America. The Company is an Alberta based, junior heavy oil producer. The Company is currently producing heavy oil on its Landrose, Saskatchewan heavy oil property. The Company has a growing production base, and is maximizing future production through property acquisitions and its exploration drilling activities. The Company also intends to devote a portion of its corporate efforts to reviewing the assessment and acquisition of additional oil and gas exploration and precious metal properties and will consider any acquisition of good exploration properties if the opportunity to acquire properties of value and interest to the Company arises.
The Company maintains a strong balance sheet and has a qualified management team in field exploration, drilling and has the necessary manpower to development its natural resource and production properties. The Company is committed to creating long term shareholder value through the acquisition, exploration and development of petroleum and natural gas resources to increase its oil production and reserves through its exploration activities and strategic property acquisitions and the discovery of base and precious metals and by seeking to acquire additional exploration, development and production resource projects.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO Arctic Hunter Uranium Inc.
Tel: (604) 681-3131 Fax: (604) 408-3884 [email protected]
or
Robert Hall, Corporate Development, Director Arctic Hunter Uranium Inc.
Tel: (604) 488-0860 Fax: (604) 408-3884 [email protected]
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