Arctic Hunter Closes $50,000 Non-Brokered Private Placement
ARCTIC HUNTER ENERGY INC.
NEWS RELEASE
August 7, 2018 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER CLOSES $50,000 NON-BROKERED PRIVATE PLACEMENT
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VANCOUVER, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the
“Company”) is pleased to announce that it has successfully closed its non-brokered private placement of
1,000,000 units of the Company, at a subscription price of $0.05 per Unit, for total gross proceeds of
CDN $50,000. Each Unit will consist of one (1) common share and one (1) common share purchase
warrant, each warrant exercisable at a price of $0.10 for a period of three (3) years from the d ate of
issuance. All of the securities issued in the private placement will be subject to resale restri ctions in
accordance with applicable securities laws, pursuant to which they may not be sol d or transferred until
Dec 8, 2020.
The Company intends to use the proceeds of the Offering for any new costs associ ated with due
diligence with respect to the acquisition of new exploration assets, outstanding legal, accounting costs
and general working capital , while it continues to carefully monitor the general public health impacts
and financial impacts of Covid-19 on its assets and partners in industry.
Pursuant to Multilateral Instru ment 61- 101 Protection of Minority Security Holders in Special
Transactions (“MI 61 -101”) the Company advises that the Offering constitutes a “related party
transaction” under MI 61- 101 and the Company is exempt from th e formal valuation and minority
shareholder approval requirements of MI 61- 101 pursuant to section 5.5( b) and section 5.7(1)( b) of the
instrument.
ABOUT ARCTIC HUNTER – OIL AND GAS PRODUCTION & MINERAL EXPLORATION
The Company is a Canadian Oil & Gas exploration and m ining resource development Company that is
focused in developing its’ production capabilities, obtaining potential future oil production revenues,
discovering and acquiring advanced gold, silver and copper min eral concessions. The Company
identifies, acquires and finances the acquisition, exploration and development of mining and oil and gas
assets primarily situated in Western Can ada, the United Sta tes and Mexico. The Company is currently
reviewing a number of mineral exploration opportunities, situated in Canada and identifying low risk
exploration opportunities through selective acquisitions and development of mining, petroleum a nd
natural gas resource assets situated in these favorable resource jurisdictions.
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 plac e to
develop its natural resource properties and manage its production properties. The Company is committed
to minimizing risk thr ough the sel ective acquisition, exploration and development of pet roleum and
natural gas resource and mining assets.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.