Arctic Hunter Closes Second and Final Tranche of Non‐brokered Private Placement
ARCTIC HUNTER ENERGY INC.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
November 13, 2020 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER CLOSES SECOND AND FINAL TRANCHE OF 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 closed the second and final tranche of its previously announced private
placement (see news releases dated October 8, October 26 and October 28, 2020). The Company issued
an aggregate of 1,498,321 units (“Units”) at a price of $0.15 per uni t for gross proceeds of $224,748.30
in the second tranche. Combined with the first tranche, the Co mpany raised aggregate gross proceeds
of $682,248.30 in the private placement.
Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles
the holder to purchase one common share in the capital of the C ompany at an exercise price of $0.25
per share for a period of three years from the closing date.
Gross proceeds from the offering will be used by the Company fo r exploration work planned to take
place during the 2020‐2021 field season on its 14,800‐hectare T rans Canada gold project situated near
the Dryden gold district in Northwest Ontario, Canada. The Comp any intends to use the balance of the
p r o c e e d s o f t h e o f f e r i n g f o r a n y n e w c o s t s a s s o c i a t e d w i t h t h e acquisition and exploration of the
Company's new gold exploration assets, legal and accounting costs, and general working capital.
All of the securities issued in connection with the second tran che will be subject to a four month hold
period ending March 14, 2021.
Trans Canada Gold Project‐ The Dinorwic Gold Property
The Trans‐Canada Gold Property consists of 741 non‐surveyed con tiguous mineral cell claims totaling
14,880 hectares located within the Kenora Mining Division of Ontario. The property is located within the
Wabigoon Greenstone Belt, which also contains the Thunder Lake Gold deposit and the Goldlund Gold
Deposit. The Property contains a number of large shear zones containing quartz carbonate veins, pyrite
and arsenopyrite, underlain by mafic volcanics with felsic volcanics in the south. There is a large regional
scale iron carbonate alteration within the property, which is c onsidered to be similar to that of the Red
Lake Mining Camp. The regional scale Carbonate alteration withi n the property associated with shear
zones within iron‐tholeiite are prime targets for gold exploration. The property has excellent access, with
the Trans‐Canada highway bisecting multiple high priority targe ts in a north‐south direction, as well as
c l o s e p r o x i m i t y t o t h e l a r g e c o m m u n i t y o f D r y d e n , O n t a r i o . T h e p r o p e r t y h a s a c c e s s t o f i r s t c l a s s
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infrastructure, with close proximity to a number of rail corrid ors and power lines. A number of gold
exploration targets have been identified within the property ba sed on their association with regional
alteration, known gold showings, shear zones, complex patterns and offsets in the regional magnetic
map as well as spatial association with regional structures tha t has the potential to be well endowed
with gold mineralization.
Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43‐101, has
reviewed and approved of the technical information disclosed in the news release.
ABOUT ARCTIC HUNTER – GOLD MINERAL EXPLORATION /OIL AND GAS PRODUCTION
The Company is a Canadian Gold and Mineral exploration and Oil & Gas Resource Development Company
that is currently focused on developing its’ District Scale Gol d exploration project in Ontario, and
increasing its production capabilities, obtaining potential fut ure oil production revenues. The Company
identifies, acquires and finances the acquisition of gold explo ration properties and the ongoing
development of mining and oil and gas assets primarily situated in Canada, a time‐honored safe mineral
exploration jurisdiction. The Company is currently reviewing a number of District Scale gold mineral
exploration property opportunities, and identifying low risk ex ploration opportunities through selective
acquisitions and development of mining exploration assets situa t e d i n t h e s e f a v o r a b l e r e s o u r c e
jurisdictions. The Company has qualified Senior exploration man agement and Geological Mining teams
of professionals, seasoned in exploration 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 property acquisitions, and
responsible exploration and development of mining, and petroleum and natural gas resource assets.
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 Pr ovider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.