United Hunter Oil & Gas Corp. Announces the Successful Final Closing of a Follow on Non-Brokered Private Placement of $1,000,000
United Hunter Oil & Gas Corp. Announces the Successful Final Closing of a
Follow on Non-Brokered Private Placement of $1,000,000
TORONTO, March 09, 2018 -- United Hunter Oil and Gas Corp. (TSX-V:UHO) and Frankfurt (A118VK) (“ UHO” or the
“Corporation”) announces the successful final closing of a follow on non-brokered private placement (the “ Private
Placement ”) of 10,000,000 common shares of the Corporation (the “ Common Shares ”) at a price of $0.10 per Common
Share, raising aggregate gross proceeds of $1,000,000.
Private Placement
The Private Placement offered up to 10,000,000 Common Shares at a price of $0.10 per Common Share for gross proceeds
received of $1,000,000 in 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”). The closing of the Private Placement’s final tranche consisted of
2,488,140 Common Shares, sold at a price of $0.10 per Common Share, for aggregate gross proceeds of $248,814.00.
Timothy Turner, Chief Executive Officer and a Director and Miles Nagamatsu, Chief Financial Officer of the Corporation,
subscribed for an aggregate 865,870 Common Shares in the Private Placement. Such subscriptions constitute a related party
transaction within the meaning of applicable securities laws, and in connection therewith, the Corporation is relying on
exemptions from the formal valuation and minority approval requirements available under such laws. Members of the Board of
Directors of the Corporation unanimously approved the issuance of the Insider Shares and the Related Party Transaction on
the same terms and conditions applicable to all other subscribers under the Private Placement.
The Private Placement is subject to certain customary conditions, including, but not limited to, the receipt of any and all
necessary regulatory approvals, including the final approval of the TSXV. 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 this 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
UHO ( www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas
industry with projects in the United States. UHO is publicly traded on the TSXV (TSX-V:UHO) and Frankfurt Exchange
(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