Arctic Hunter Allows Standstill Agreement to Expire ON the Rebeico GOLD/ Copper Project Situated IN Mexico - Discussions with Vendors Continue - Company Proceeds with a CDN $50,000 Non-Brokered Private Placement ____________________________________________________________________________________
ARCTIC HUNTER ENERGY INC.
Suite 1610 - 675 West Hastings Street · Vancouver · British Columbia · V6B 1N2
Telephone: (604) 681-3131
NEWS RELEASE
September 18th, 2017 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER ALLOWS STANDSTILL AGREEMENT TO EXPIRE ON THE REBEICO
GOLD/ COPPER PROJECT SITUATED IN MEXICO - DISCUSSIONS WITH VENDORS
CONTINUE - COMPANY PROCEEDS WITH A CDN $50,000 NON-BROKERED PRIVATE
PLACEMENT
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VANCOUVER, B.C. – Arct ic Hunter Energy Inc. (TSX-V: AHU) (“ Arctic Hunter ” or the
“Company”) announces that further to its news release dated April 5, 2017, and May 19, 2017, that the
Company has allowed a standstill agreement (the “ Standstill Agreement”) with respect to its option
agreement dated April 3, 2017 (the “ Option Agreement ”) to acquire up to a 100% interest in the
Rebeico Gold-Copper Project situ ated in Sonora, Mexico (“ Rebeico Gold Property ”) to expire. The
parties had agreed to enter into the Standstill Agreement to provide additional time for the parties to
complete a National Instrument NI 43-101 compliant technical report, which was recently completed,
and resolve issues regarding a titl e opinion and claim ownership as requ ired by regulatory authorities,
with respect to the Rebeico Gold Property.
Under the terms of the Standstill Agreement, the Option Agreement was terminated and the optionor and
vendors of the Rebeico Gold Property agreed that th ey would not enter into any agreement that would
have the effect of granting any part y (other than the Company) the right to acquire any interest of any
kind in the Rebeico Gold Property for a period of 90 days following the execution of the Standstill
Agreement. As a result of the termination of the Standstill Agreement, the option remains terminated.
The Company is continuing negotiations with its Me xican partners, and believes that with a quick
resolution, that the execution of an amended option agreement on terms similar to the Option Agreement
that was submitted to the TSX Venture Exchange for approval will be forthcoming.
ARCTIC HUNTER PROCEEDS WITH A $50,000 CDN DOLLA R NON-BROKERED
PRIVATE PLACEMENT
The Company is pleased to announce a non-brokered private placement financing of 500,000 units (the
“Units”) at a price of CDN $0.10 per Unit to raise gross proceeds of up to CDN $50,000 (the
“Offering”). Each Unit will consist of one (1 ) common share and one (1) common share purchase
warrant, each warrant exercisable at a price of $0.15 per share for a period of two (2) years from the date
of issuance. The private placem ent is subject to approval from th e TSX Venture Exchange and all of
the securities issued pursuant to the private placemen t will be subject to a four month hold period from
the date of issue in accordance with applicable securities laws.
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The Company has agreed to pay a finders’ fee to arm’s length parties for services rendered in respect of
the Offering. The finder’s fee will consist of a cash fee equal to 8% of the gross proceeds of the Offering
and finder’s warrants equal in number to 8% of the units sold under the Offering. Each finder’s warrant
will entitle the holder to acquire one common share of the Company at a price of $0.15 per share for a
period of two (2) years from the date of issuance.
The Company intends to use the proceeds of the Offering for general working capital.
In addition to other prospectus exemptions commonl y relied on in private placements, the Offering will
be available to existing shareholde rs of the Company who, as of the close of business on September 15,
2017, held common shares of the Company (and who c ontinue to hold such common shares as of the
closing date), pursuant to the prospectus exemption set out in BC Instrument 45-534 - Exemption From
Prospectus Requirement for Certain Trades to Existing Security Holders and in similar instruments in
other jurisdictions in Canada (the “ Existing Shareholder Exemption ”). The Existing Shareholder
Exemption limits a shareholder to a maximum inve stment of CAD$15,000 in a 12-month period unless
the shareholder has obtained advice regarding the suitabi lity of the investment and, if the shareholder is
resident in a jurisdiction of Canada , that advice has been obtained from a person that is registered as an
investment dealer in the jurisdiction. If the Comp any receives subscriptions from investors relying on
the Existing Shareholder Exemption exceeding the maximum Offering, the Company may adjust the
subscriptions received on a pro-rata basis.
The Company will also make the Offering available to certain subscribers pursuant to BC Instrument
45-536 - Exemption From Prospectus Requirement for Certain Distributions Through an Investment
Dealer (the “Investment Dealer Exemption ”). In accordance with the re quirements of the Investment
Dealer Exemption, the Company confir ms that there is no material f act or material change about the
Company that has not been generally disclosed.
ABOUT ARCTIC HUNTER ENERGY
The Company is a Canadian Oil & Gas explorati on and Mining resource deve lopment Company that
identifies, acquires and finances th e acquisition, exploration and development of mining and oil and gas
assets primarily situated in Western Canada and North America. The Company is currently a junior
heavy oil producer in the greater Lloydminster ar ea of Alberta & Saskatchewan. The Company is
continually reviewing future production and e xploration opportunities, th rough selective property
acquisitions and identifying low risk exploration drilli ng activities situated in Canada, the United States,
Mexico and abroad.
The Company has qualified management and has Oil & Gas and Mining teams of professionals seasoned
in production, field exploration and drilling. The Company has the necessary manpower in place to
develop its natural resource properties and manage its production properties. The Company is committed
to minimizing risk through the selective acquisition, exploration and development of petroleum and
natural gas resource and mining assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
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Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
Policies of the TSX Ventur e Exchange) accepts respon sibility for the adequacy or accuracy of this
release.