United Hunter Oil & Gas Corp. Announces the Mutual Termination of the Proposed Transaction with Texaskew Energy LLC
United Hunter Oil & Gas Corp. 20 Adelaide Street East, Suite 200 Toronto, ON M5C 2T6
United Hunter Oil & Gas Corp. Announces the Mutual Termination of the Proposed
Transaction with Texaskew Energy LLC
Vancouver, British Columbia – April 9, 2020, United Hunter Oil and Gas Corp . (TSXV: UHO) and
Frankfurt (UHO: A118VK) (“ United Hunter” or the “Corporation”) announces the mutual agreement
to terminate the previously announced assignment agreement (the “ Agreement”) dated December 9,
2019 with Texaskew Energy, LLC pursuant to which the rights and obligations of Texaskew under a project
agreement dated November 15, 2019 with GulfSl ope Energy, Inc. would have been assigned and
transferred to United Hunter.
As a condition precedent to closing pursuant to the Agreement, United Hunter was to conduct a private
placement of units for minimum gross proceeds of $1,000,000. This obligation to complete the minimum
funding was not accomplished in the time period necessary to complete the transaction and therefore both
parties agreed to terminate the Agreement and each re lease the other from all liabilities and obligations
related thereto.
United Hunter will continue its efforts to secure ex ploration and production asset(s) in the coming weeks
and will provide updates related to those efforts in due course.
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. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange
(TSX-V: UHO) and Frankfurt Exchange (UHO: A118VK). The Corporation’s public filings may be found at
http://www.sedar.com.
For additional information, please contact:
Timothy Turner
CEO
(713) 858-3329
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release may 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. Fo rward-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.