Arctic Hunter Closes $50,000 Private Placement
ARCTIC HUNTER ENERGY INC.
Suite 1610 - 675 West Hastings Street ∙ Vancouver ∙ British Columbia ∙ V6B 1N2
Telephone: (604) 681-3131
NEWS RELEASE
December 18, 2017 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER CLOSES $50,000 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 previously announced (December
11, 2017) non-brokered private placement of 500,000 units of the Company, at a subscription price of
$0.10 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 $0.15 for a
period of two (2) years from the date of issuance. A ll of the securities issued in the private placement
will be subject to resale restrictions in accordance with applicable securities laws, pursuant to which
they may not be sold or transferred until April 19, 2017.
The proceeds of the private placement will be used for transaction costs including professional fees and
general working capital.
Certain directors of the Company participated in the Private Placement and subscribed for an aggregate total of
100,000 Units. The participation of t he insider s is considered to be a “related party transaction” pursuant to
Multilateral Instrument 61- 101 Protection of Minority Security Holders in Special Transaction (“ MI 61-101”).
The Company determined that exemptions from the formal valuation and minority shareholder approval
requirements of MI 61-101 were available for the related party transaction pursuant to Section 5.5(a) and Section
5.7(1)(a) of MI 61-101 on the basis that the fair market value of the transaction involving the insider was not more
than 25% of the Company’s market capitalization.
ABOUT ARCTIC HUNTER ENERGY
The Company is a Canadian Oil & Gas exploration and Mining resource development Company that
identifies, acquires and finances the acquisition, exploration and development of m ining 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 area of Alberta & Saskatchewan. Th e Company is
continually reviewing future production and exploration opportunities , through selective property
acquisitions and identifying low risk exploration dr illing activities situated in Canada, the United States,
Mexico and abroad.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
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Policies of the TSX Venture Exchang e) accepts responsibility for the adequacy or accuracy of this
release.