Arctic Hunter Proceeds with Private Placement
ARCTIC HUNTER ENERGY INC.
NEWS RELEASE
April 5, 2018 TSX-V Trading Symbol: AHU ______________________________________________________________________________________
ARCTIC HUNTER PROCEEDS WITH PRIVATE PLACEMENT
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VANCOUVER, BRITISH COLUMBIA – Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) announces that it is proceeding with its previously announced private placement. The terms of the private placement, as described in the Company’s news release dated January 8, 2018, remain unchanged.
ABOUT ARCTIC HUNTER – OIL AND GAS PRODUCTION & FUTURE MINING PRODUCTION
The Company is a current Canadian Oil & Gas producer, exploration and mining resource development Company that is focused on developing its’ production capabilities, obtaining potential future production revenues, discovering and advancing both of it’s oil & gas assets and mining assets. The Company is preparing to seek production revenue from surrounding high grade gold, silver and copper deposits and mining concessions situated within this large mining district in Sonora, Mexico. The Company has now successfully acquired a 30% interest in Rebeico Gold of Sonora, Mexico, and has been granted the option to earn up to 50% in Rebeico Gold. Rebeico Gold holds the right to operate the Cerro Verde Mill, strategically located in the Sierra Madre Gold Belt, and the right to receive gold & silver production proceeds pursuant to an assignment agreement dated April 24, 2017 between Rebeico Gold and Exploracion y Desarollo del Desierto, S.A. de C.V (“EDDSA”). The Company is now strategically positioned to identify and capture all potential milling and direct-ship mining opportunities situated in the region. The Company is continually reviewing oil & gas and any future mining production and exploration opportunities, by identifying low risk exploration through selective acquisitions and development of mining, petroleum and natural gas resource assets situated in these favorable resource jurisdictions.
The Company has qualified management and has Oil & Gas and Mining teams of professionals seasoned in production, field exploration and drilling. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource and mining assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO Arctic Hunter Energy Inc.
Tel: (604) 681-3131 [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.