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File: News Release- Arctic Hunter Private Placement March 2015.doc
ARCTIC HUNTER ENERGY INC.
Suite 1610 - 675 West Hastings Street {∙ ∙} Vancouver {∙ ∙} British Columbia {∙ ∙} V6B 1N2
Telephone: (604) 681-3131
NEWS RELEASE
March 27, 2015 TSX-V Tradi
--->ng Symbol: AHU
______________________________________________________________________________________
ARCTIC HUNTER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
____________________________________________________________________________________
VANCOUVER, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) ("Arctic Hunter" or the "Company") announces that it has rese
--->rved up to 2,000,000 common shares in the capital of the Company in connection with a non-brokered private placement o
--->f Units of the Company, to be issued at a subscription price of $0.05 per Unit, for total gross proceeds of up to $10
--->0,000. Each Unit will consist of one (1) common share and one (1) common share purchase warrant, each warrant exercis
--->able at a price of $0.10 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 has agreed to pay a finders' fee to arm's length parties for services in respect of the Unit Offering. Th
--->e finder's fee will consist of a cash fee equal to 8% of the gross proceeds of the Unit Offering.
ABOUT ARCTIC HUNTER ENERGY
The Company is a Canadian Oil & Gas exploration and development Company that acquires and finances the acquisition, ex
--->ploration and development of oil and gas assets primarily in Western Canada. The Company is a junior heavy oil produc
--->er in the greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future production a
--->nd exploration opportunities through selective property acquisitions and identifying low risk exploration drilling act
--->ivities.
The Company has qualified management and has an Oil & Gas team of professionals seasoned in field exploration and dril
--->ling. The Company has the resources and necessary manpower to develop its natural resource and production properties.
--->The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleu
--->m and natural gas resource assets. The Company intends to increase its oil production and reserves through its explora
--->tion activities and strategic property acquisitions.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
astar@telus.com
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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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