Huntsman Exploration Announces $410,000 Private Placement
Huntsman Exploration Announces $410,000 Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
Vancouver, British Columbia, February 4, 2025 – Huntsman Exploration Inc. (TSXV: HMAN) ( the
“Company” or “Huntsman”) announces that it proposes to unde rtake a private placement of up to
13,666,666 units of the Company (the “ Units”) at a price of $0.03 per Unit for total gross proceeds of up
to $410,000 (the “ Placement”). Each Unit will consist of one common share and one non-transferrable
share purchase warrant, ea ch warrant exercisable into one add itional common share for a period of two
years from date of issue at a price of $0.05 per share.
In accordance with the policies of the TSX Venture Exchange, the Company is relying on a minimum price
exemption in order to issue securities at less than $0.05 per listed security. As such, the Company will not
be issuing more than 100% of its issued and outstanding common shares pursuant to the Placement.
The gross proceeds from the issuance of the Units will be used for (i) Canadian property costs, (ii) auditor,
transfer agent, legal and accounting costs, (iii) offi ce and administration costs, and (iv) general working
capital. No more than 10% of funds are proposed to be paid to non-arm’s length parties and none of the
funds will be used to pay persons conducting investor relations.
The Company may pay finders’ fees comprised of cash and non-transferable warrants in connection with
the Placement, pursuant to the policies of the TSX Ve nture Exchange and applicable securities laws. The
Company anticipates closing of the Placement (in one or more tranches) as soon as practicable subject to
receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All
securities issued under the Placement will be subject to applicable regulatory holds expiring four months
and one day from date of issue.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Se curities Act”) or any state securities laws and may
not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
On Behalf of the Board of Huntsman Exploration Inc.
Carl Ginn
President and Chief Executive Officer
For more information, please contact 604-678-5308 or [email protected]
Neither TSX Venture Exchange, the Toronto Stock Exchange no r their 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.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-
looking statements” (collectively, “Forward-Looking Info rmation”) within the meaning of applicable Canadian
securities legislation and the United States Private Secu rities Litigation Reform Act of 1995. Forward-Looking
Information includes, but is not limited to, the anticipated timing for completing the Placement, the potential payment
of finders’ fees and the intended use of proceeds therefro m. The words “anticipate,” “significant,” “expect,” “may,”
“will” and similar expressions are intended to be among th e statements that identify Forward-Looking Information.
Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those implied by the Forward-Looking Information. In preparing the Forward-
Looking Information in this news release, the Company has applied several material assumptions, including, but not
limited to, assumptions that general business and economic conditions will not change in a materially adverse manner;
that all requisite approvals will be received, and all requisite information will be available in a timely manner. Factors
that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the
exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical
difficulties, risks related to unforeseen delays; general ec onomic, market or business conditions, regulatory changes;
timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general economic
conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned
not to place undue reliance on this Fo rward-Looking Information. The Company does not assume the obligation to
revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect
the occurrence of future unanticipated events, except as may be required under applicable securities laws.