Hudson Closes Final Tranche of Equity Financing FOR Additional Proceeds of $1,966,580
Suite 1460 – 1066 West Hastings Street Tel: (604) 628-5002
Vancouver, B.C. V6E 3X1 Fax: (604) 688-3452
FOR IMMEDIATE RELEASE TSX-V: HUD
February 17, 2017 OTC: HUDRF
NR2017-05
Not for distribution to U.S. news wire services or dissemination in the United States.
HUDSON CLOSES FINAL TRANCHE OF EQUITY FINANCING
FOR ADDITIONAL PROCEEDS OF $1,966,580
Vancouver, BC - HUDSON RESOURCES INC. (the “Company”) – (TSX Venture Exchange “HUD”; OTCQX
“HUDRF”) is pleased to announce that it has closed the second and final tranche of its previously announced
offering by way of a private placement for 5,618,801 units (“Units”) of the Company, at a price of $0.35 per Unit,
for total proceeds of $1,966,580. Each Unit is comprised of one fully paid and non-assessable common share (a
“Share”) in the capital of the Company and one-half of a transferable share purchase warrant (a “Warrant”). Each
whole Warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) in the capital of
the Company until February 16, 2020, at an exercise price of $0.50 per Warrant Share. The Company paid
$113,291 in finders’ fees in connection with this private placement.
Both the Shares issued as part of the Units and any Shares issued upon exercise of the Warrants are subject to a
hold period, which expires on June 17, 2017 and, such common shares may not be traded until June 17, 2017,
except as permitted by the Securities Act (British Columbia) and the Rules made thereunder and the TSX Venture
Exchange.
Total net proceeds of $10,853,478, after accounting for finders’ fees, from the two tranches will be used to fund
the equity portion of the project financing package b eing arranged by the Company for its’ White Mountain
Anorthosite Project and for general corporate purposes.
On completion of this offering, Hudson’s issued and outstanding securities will be comprised of 126,604,873
common shares, 9,410,000 options and 22,559,053 warrants.
John Hick (60,000 Units) and Flemming Knudsen (10,000 Units), directors of the Company, purchased at total of
70,000 Units for aggregate proceeds of $24,500. As a result, their participation is considered a "related party
transaction" under Policy 5.9 of the TSX Venture Exchange (the "TSXV"), which adopts Multilateral Instrument 61-
101 ("MI 61-101"). The directors of the Company have determined that their participation in the private placement
is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 in reliance
on the exemptions set forth in sections 5.5(a) and (b) and 5.7(a) of MI 61-101 and, in connection therewith, have
determined that neither the fair market value of the securities to be distributed in the private placement nor the
consideration to be received, insofar as it relates to the them, exceeds 25% of the Company's market
capitalization. The Company did not file a material change report related to this financing more than 21 days
before the expected closing of the private placement as required by MI 61-101 since the details of the
participation by the related parties of the Company were not settled until shortly prior to the closing of the private
placement and the Company wished to close on an expedited basis for sound business reasons.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities
have not been and will not be registered under the U.S. Securities Act of 193 3, as amended, or under any
applicable securities laws of any state of the United States and may not be offered or sold in the United States
absent such registration or an applicable exemption from such registration requirements.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Tuer”
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415
Suite 1460 – 1066 West Hastings Street Tel: (604) 628-5002
Vancouver, B.C. V6E 3X1 Fax: (604) 688-3452
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of
historical fact included in this news release, including, without limitation, statements regarding the use of proceeds from the
private placement, and other future plans and objectives of the Company are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's plans or expectations include market prices, general economic, market or
business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and
from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies o f the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.