Arctic Hunter Signs Definitive Agreement to Acquire up to a 50% Interest IN Real de Rebeico GOLD S.a. de C.v. (Operator of San Javier Flotation Mill) to Obtain Future Production Revenues ON Copper, GOLD and Silver Production, Closes First Tranche of Private Placement FOR
ARCTIC HUNTER ENERGY INC.
Suite 1610 - 675 West Hastings Street · Vancouver · British Columbia · V6B 1N2
Telephone: (604) 681-3131
NEWS RELEASE
April 28, 2017 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER SIGNS DEFINITIVE AGREEMENT TO ACQUIRE UP TO A 50%
INTEREST IN REAL DE REBEICO GOLD S.A. de C.V. (OPERATOR OF SAN JAVIER
FLOTATION MILL) TO OBTAIN FUTURE PRODUCTION REVENUES ON COPPER, GOLD
AND SILVER PRODUCTION, CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR
GROSS PROCEEDS OF $500,500
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VANCOUVER, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the
“Company”) is pleased to announce that it has signed a definitive agreement to acquire up to a 50%
interest in Real de Rebeico Gold S.A. de C.V. (“Rebeico Gold”), the operator of a State owned 100 ton
per day flotation mill situated near the city of Hermosillo in Sonora State, Mexico. The formal option
agreement with Rebeico Gold of Sonora, Mexico al lows Arctic Hunter to earn up to a 50% equity
interest in Rebeico Gold for USD$ 500,000. Rebeico Gold holds the right to operate the San Javier Mill
and to receive the proceeds derived therefrom pur suant to an assignment agreement between Rebeico
and Exlporacion y Desarollo del Desierto, S.A de C.V. (“EDDSA”) dated April 24, 2017. EDDSA holds
the right to operate and receive all proceeds from the San Javier Mill and to c onduct ancillary activities
on the project site pursuant to a 10 year lease agreement between EDDSA and the state of Sonora,
Mexico dated February 24, 2015. The Sa n Javier Mill Project site is located with in 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 San Javier Mill is a former working and operational State owned
flotation mill that has serviced the many working gol d, copper and silver mines located in this mining
region in the past. The final option agreement is subject to TSX Venture Exchange approval.
Arctic Hunter may acquire up to a 50% equity intere st in Rebeico Gold by payi ng the aggregate sum of
USD$500,000 in cash as follows:
a) paying the sum of USD$250,000 in cash to acquire an initial 30% equity interest in Rebeico
Gold within 30 days of final TSX Exchange Venture acceptance of the transaction; and
b) paying, within two years (24 Months) of the da te on which the payment above is made, the
additional sum of USD$250,000 in cash to acquire an additional 20% interest in Rebeico
Gold, giving Arctic Hunter a 50% equity in terest in Rebeico Gold and production revenues
derived therefrom.
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ARCTIC HUNTER TO CLOS E FIRST TRANCHE OF $1.0 CD N MILLION DOLLAR NON-
BROKERED PRIVATE PLACEMENT
The Company has previously announced (Dec 8, 2016) a non-brokered private placement financing of
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 issued pursuant to the private placement 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, in which case the Offering will be for up to a maximum of
12,500,000 Units and gross proceeds of $1,250,000.
The Company intends to complete a first tranche clos ing of the Offering for aggregate gross proceeds of
CDN$500,500 (5,005,000 Units). The proceeds will be used as follows: (i) first cash payment on San
Javier Mill (CDN$345,000); (ii) fund completion of a National Instrument 43-101 compliant technical
report on the Rebeico Gold-Copper prope rty currently under option (as disc losed in news releases dated
December 8, 2016, February 8, 2017 and March 20, 2017) (CDN$27,000); and (iii) transaction costs
including professional fees and fi nder’s fees in connection with the Offering, and general working
capital ($128,500).
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.
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 3,
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 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.
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.