Arctic Hunter Completes Project Site Visit and Preliminary Due Diligence ON the Rebeico GOLD/ Copper Project Situated IN Sonora, 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
February 8, 2017 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER COMPLETES PROJECT SITE VISIT AND PRELIMINARY DUE DILIGENCE
ON THE REBEICO GOLD/ COPPER PROJECT SITUATED IN SONORA, 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 comple ted a comprehensive site visit to the Rebeico
Gold-Copper Project situated in Sonora, Mexico. Th e site visit was recently performed by Brian Game,
P.Geo., of Geominex Consultants, w ho acted as advisor to Arctic Hu nter. 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 geological 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.
Arctic Hunter may acquire a 100% interest in the Rebeico Gold property from YQ Gold by paying YQ
Gold US $2.35 million in cash and stock and in curring $500,000 in exploration expenditures on the
Property. The final option and definitive acquisition agreement is subject to TSX Venture Exchange
approval.
Brian Game, P.Geo. is an independent Qualified Pe rson as defined in National Instrument #43-101 and
is responsible for the preparation and approval of technical information disclosed in the news release.
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ARCTIC HUNTER $1.0 CDN MILLION DOLLAR NON-BROKERED PRIVATE
PLACEMENT
The Company has previously announced (Dec 8, 2016) a non-brokered private pl acement financing of
units (the “Units”) at a price of CDN $0.10 per Unit to rais e 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 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. The Company may increase the size of
the Offering by up to 25% prior to closing.
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),
continuing due diligence, review, acquisition and trav el costs associated with the Rebeico Gold-Copper
property, geological consulting, funding drilling exploration programs ($300,000), Logistical, Technical,
Field Crews ($100,000), Geochemical Assaying ($50,000), Option paymen ts ($275,000) and the review
of an additional number of production and exploration opportunities that have been identified in Mexico
($125,000). Funds may be re-allocated where necessary for sound business reasons.
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 CAD$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.
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ABOUT ARCTIC HUNTER ENERGY
The Company is a Canadian Oil & Gas exploration and resource development Co mpany that identifies,
acquires and finances the acquisiti on, exploration and development of mining and oil and gas assets
primarily situated in Western Canada and North Amer ica. The Company is currently a junior heavy oil
producer in the greater Lloydminster area of Albe rta & Saskatchewan. The Company is continually
reviewing future production and ex ploration opportunities, through se lective property acquisitions and
identifying low risk exploration drilling activities situated in Canada, the United States and abroad.
The Company has qualified management and has an Oil & Gas team of pr ofessionals seasoned in
production, field exploratio n and drilling. The Company has the re sources and necessary manpower in
place to develop its natural resource and manage its production properties. The Company is committed to
minimizing risk through the select ive 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
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.