United Hunter Oil and Gas Corp. Announces Several Recent Corporate Developments Dual Listing on the Frankfurt Stock Exchange And An Extension to the Exclusive Option Agreement to Purchase Oil & Gas Interests in
United Hunter Oil and Gas Corp. Announces Several Recent Corporate
Developments
Dual Listing on the Frankfurt Stock Exchange
And
An Extension to the Exclusive Option Agreement to Purchase Oil & Gas Interests in
Archer County, Texas
Vancouver, British Columbia – March 23, 2017, United Hunter Oil & Gas Corp .
(“Corporation”) (TSX-V “UHO” and Frankfurt: A118VK) announces that the Corporation’s
shares will be dually listed and traded on the Frankfurt Stock Exchange (Frankfurter
Wertpapierbörse ( FWB®). The Frankfurt Exchange is the largest of Germany’s seven stock
exchanges. The Corporation’s security identification number is A118VK. With the d ual
listing, the Corporation now provides German and European investors the ability to have direct
access to participate in the ownership of the Corporation.
Timothy Turner, CEO of the Corporation, stated that “United Hunter Oil & Gas Corp is pleased
to announce the listing of our shares on the Frankfurt Stock Exchange. United Hunter is in the
beginning stages of an aggressive acquisition strategy and this is attracting an increasing
interest in the Corporation from several investors in Germany and all across Europe. The cross -
listing between the TSX-Venture Exchange and the Frankfurt Exchange is in direct response to
this investor demand and it will introduce United Hunter to a wider audience of potential retail
and institutional investors. This will certainly improve liquidity, further diversify our current
shareholder base and increase the visibility and awareness of United Hunter within the global
investment community.”
The Corporation , through its US subsidiary, United Hunter Texas, LLC (“UHT”) , also has
received an extension to their exclusive Option Agreement (“Option”) with Wilson Operating
Company and certain other vendors (“Vendors”), for the option to purchase 100% of the
Vendors’ oil and gas interests in the Hull Silk Sikes 4,300’ Sand Unit (“HSS Unit”) in Archer
County, Texas.
The Extension Agreement provides UHT with an additional thirty (30) days to continue the
Company’s due diligence efforts thus extending the exclusive Option until April 30, 2017. The
Vendors have also agreed to provide UHT with additional time after this date, if necessary.
UHT will continue to conduct its extensive due diligence activities over the intervening period.
The exercise of the Option, by UHT, is still subject to completion of its due diligence, including
final negotiation of the adjusted purchase price, UHO board approval , financing and TSX
Venture Exchange approval.
Further details will be provided as they become available.
Certain statements in the documents referred to in this press release may cons titute forward -looking statements
within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to,
statements concerning (i) the acquisition of the Property Interest ; and (ii) potential results from the Property
Interest. Forward -looking statements generally can be identified by the use of forward looking terminology such
as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”
or “continue”, or similar expressions suggesting future outcomes or events. Such forward -looking statements
reflect management's current beliefs and are based on information currently available to management. Forward -
looking statements involve risks and uncertainties that could cause actual results to differ materially from those
contemplated by such statements. Such forward -looking statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ materially from those co ntained in the statements
including, without limitation, the risks that: (1) UHO may not achieve the results currently anticipated; and (2)
UHO may not be able to obtain financing in the future. Although UHO believes that the expectations reflected in
its forward-looking information are reasonable, undue reliance should not be placed on forward -looking
information because UHO can give no assurance that such expectations will prove to be correct. In addition to
other factors and assumptions which may be identified in this press release, assumptions have been made regarding
and are implicit in, among other things, the timely receipt of required regulatory approvals. Details of the risk
factors relating to UHO and its business are discussed under the heading “Risk Factors ” in the Management
Discussion & Analysis dated November 22, 2016 , a copy of which is available on UHO’s SEDAR profile at
www.sedar.com. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions
which have be en used. Forward -looking information is based on current expectations, estimates and projections
that involve a number of risks and uncertainties which could cause actual results to differ materially from those
anticipated by UHO and described in the forwa rd looking information. The forward-looking information contained
in this press release is made as of the date hereof and UHO undertakes no obligation to update publicly or revise
any forward -looking information, whether as a result of new information, fut ure events or otherwise, unless
required by applicable securities laws. The forward looking information contained in this press release is expressly
qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its regulation services provi der (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
(832) 487-0813
Jeff Ratcliffe
CFO
(778) 987-3925