United Hunter Oil & Gas Corp. Announces a Follow on Non-Brokered Private Placement and Closing of the First Tranche
United Hunter Oil & Gas Corp. Announces a Follow on Non-Brokered Private
Placement and Closing of the First Tranche
TORONTO, Feb. 06, 2018 -- United Hunter Oil and Gas Corp. (TSX-V:UHO) and Frankfurt (UHO:A118VK) (“ UHO” or the
“Corporation”) announces a follow on non-brokered private placement (the “ Private Placement ”) of up to 10,000,000
common shares of the Corporation (the “Common Shares”) at a price of $0.10 per Common Share for gross proceeds of up to
$1 million.
Private Placement
The Private Placement offering of up to 10,000,000 Common Shares at a price of $0.10 per Common Share for gross
proceeds of up to $1,000,000 is a non-brokered offering and the Corporation may pay finder’s fees in accordance with
the rules and policies of the TSX Venture Exchange (the “ TSXV”). It is expected that the Common Shares offered under the
Private Placement will be RRSP and TFSA eligible. The Private Placement has closed on its first tranche of 7,511,860
Common Shares, sold at a price of $0.10 per Common Share, for aggregate gross proceeds of $751,186.00.
The Private Placement is subject to certain customary conditions, including, but not limited to, the execution of definitive
subscription agreements with subscribers, and the receipt of any and all necessary regulatory approvals, including that of the
TSXV. The closing of any additional tranches of the Private Placement are anticipated to occur within twenty days or as long
as the Corporation deems necessary. All securities issued in connection with the Private Placement will be subject to a
statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities
legislation.
The net proceeds from the Private Placement will be partially used for expenses associated with due diligence and legal
expenses investigating oil and gas projects currently under consideration, other new projects, general working capital and
repayment of debt.
About the Issuer
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very
experienced in the oil and gas industry with projects in the United States. United Hunter Oil & Gas Corp. is publicly traded on
the TSXV (TSXV: UHO) and Frankfurt Exchange (UHO: A118VK). The Corporation’s public filings may be found at
http://www.sedar.com.
Certain statements contained in this press release constitute “forward-looking statements” as such term is used in applicable
Canadian and US securities laws. These statements relate to analyses and other information that are based upon forecasts of
future results, estimates of amounts not yet determinable and assumptions of management.
Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements
are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by applicable law.
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.
For additional information, please contact:
Timothy Turner
CEO
(713) 858-3329