Huntington Announces Proposed Private Placement of Units
HUNTINGTON EXPLORATION INC.
#1910, 407 2nd STREET S.W. Calgary, AB T2P 2Y3 T. 587-351-3538 www.huntingtonexploration.ca
Huntington Announces Proposed Private Placement of Units
News Release
Calgary, Alberta - October 9, 2020
Huntington Exploration Inc. (“HEI" or the “Company”) (TSX VENTURE: HEI) announced today that it intends to complete
a non-brokered private placement offering of units (“Units”) at a price of $0.05 per Unit, for gross proceeds of up to
$1,000,000 (the “Private Placement”). Each Unit will consist of one common share and one transferable common share
purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of
$0.05 per share for a period of two years from closing.
The closing of the Private Placement is expected to occur on or about October 30, 2020 and is subject to regulatory
approval, including approval of the TSX Venture Exchange. For further details on the Private Placement, please contact
the Company. All securities issued in connection with the Private Placement will be subject to a hold period of four
months from the date of closing. The Company intends to use the proceeds from the Private Placement for general and
administrative expenses, to replenish working capital, to evaluate strategic alternatives and for general corporate
purposes.
On behalf of the Board of Directors:
Bob Verhelst
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This press release contains certain statements which constitute forward-looking statements or information (“forward-
looking statements”), including statements regarding HEI’s business and the proposed Private Placement. Such forward-
looking statements are subject to numerous risks and uncertainties, some of which are beyond HEI's control, including
the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations,
imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition
from other industry participants, the lack of availability of qualified personnel or management, stock market volatility
and the ability to access sufficient capital from internal and external sources. Although HEI believes that the
expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks, uncertainties and other factors that could
HUNTINGTON EXPLORATION INC.
#1910, 407 2nd STREET S.W. Calgary, AB T2P 2Y3 T. 587-351-3538 www.huntingtonexploration.ca
influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or
implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward
looking information, as no assurance can be provided as to future results, levels of activity or achievements. The
forward-looking statements contained in this document are made as of the date of this document and, except as
required by applicable law, HEI does not undertake any obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking
statements contained in this document are expressly qualified by this cautionary statement.