01:43:43 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Arctic Hunter Energy Inc
Symbol AHU
Shares Issued 23,945,000
Close 2015-02-24 C$ 0.02
Market Cap C$ 478,900
Recent Sedar Documents

Arctic Hunter arranges $100,000 private placement

2015-03-27 13:08 ET - News Release

Mr. Tim Coupland reports

ARCTIC HUNTER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Arctic Hunter Energy Inc. has reserved up to two million common shares in the capital of the company in connection with a non-brokered private placement of units of the company, to be issued at a subscription price of five cents per unit, for total gross proceeds of up to $100,000. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable at a price of 10 cents per share for a period of two 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 has agreed to pay a finder's fee to arm's-length parties for services in respect of the unit offering. The finder's fee will consist of a cash fee equal to 8 per cent of the gross proceeds of the unit offering.

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