Arctic Hunter Completes Further Negotiations and Proceeds to a Definitive Agreement ON the Rebeico GOLD/ Copper Project Situated IN Mexico and Proceeds with Its CDN $1.0 Million Dollar 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
March 20TH, 2017 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER COMPLETES FURTHER NEGOTIATIONS AND PROCEEDS TO A
DEFINITIVE AGREEMENT ON THE REBEICO GOLD/ COPPER PROJECT SITUATED IN
MEXICO AND PROCEEDS WITH ITS CDN $1.0 MILLION DOLLAR 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 comp leted further negotiations and completed additional
due diligence after completing its site visit to the Rebeico Gold-C opper Project situated in Sonora,
Mexico. The Company will now proceed to a definitiv e agreement. The Rebeico Gold - Copper Project
is located within the heart of the prolific Sierra Madre Gold belt of northern Mexico and is easily
accessed by paved highway from the City of Hermosillo, Mexico. The Rebeico Gold-Copper Property is
a former small-scale underground producer of gold a nd copper in this prolif ic mining region. Recently
completed work by the property vendor YQ Gold, in cludes detailed geologica l mapping, detailed rock
sampling and soil geochemical surveys. This comprehensive work has resulted in the expansion of
previously known gold and copper mi neralized zones. The main Rebeic o vein system has been traced
for more than 1 km on surface, with vein widths ranging from 0.40 meters to over 1.9 meters. Historical
mining has occurred on the property with only a sma ll portion of the historical mining occurring on the
identified vein system. The Rebeico vein system remains open at depth below underground development
levels and to date is untested by drilling. YQ Gold has also identified a large approximately 400-meter
by 600-meter gold bearing Breccia Zone that is open in all directions and remains untested by drilling.
The final option and definitive acquisition agreement is subject to TSX Venture Exchange approval.
ARCTIC HUNTER PROCEEDS WITH A $1.0 CDN MILLION DOLLAR NON-BROKERED
PRIVATE PLACEMENT
The Company has previously announced (Dec 8, 2016), (Feb 8 th, 2017) a non-brokered private
placement financing of 10,000,000 units (the “Units”) at a price of CDN $0.10 per Unit to raise gross
proceeds of up to CDN $1,000,000 (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 placement is subject to approval from the
TSX Venture Exchange and all of the securities issu ed pursuant to the private placement will be subject
to a four month hold period from the date of issue in accordance with applicab le securities laws. The
Company may increase the size of the Offering by up to 25% prior to closing, in which case the Offering
will be for up to a maximum of 12,500,000 Units and gross proceeds of $1,250,000.
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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 ($150,000), any
further due diligence, acquisition and travel costs associated with the Rebeico Gold-Copper property,
geological consulting, funding dril ling exploration programs ($300,000) , logistical, technical, field
crews ($100,000), geochemical as saying ($50,000), option payments ($275,000) and the review of
aproduction and exploration opportunity that had b een previously identified in Mexico ($125,000).
Funds may be re-allocated where necessary for sound business reasons and budgetary purposes.
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 February 6,
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 ex emption 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 investment of CDN $15,000 in a 12-month period unless the
shareholder has obtained advice regard ing the suitability of the invest ment 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 requireme nts of the Investment Dealer
Exemption, the Company confirms that there is no material fact or ma terial 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 an Oil & Gas and Mining teams of professionals
seasoned in production, field expl oration and drilling. The Company has the resources and necessary
manpower in place to develop its natural resource and manage its production properties. The Company is
committed to minimizing risk through the selectiv e acquisition, exploration and development of
petroleum 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
or
Ted Burylo, Director
Arctic Hunter Energy Inc.
Tel: (604) 764-9178
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.