Mr. Sean Kingsley reports
GOLD HUNTER ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$1.25 MILLION
Gold Hunter Resources Inc. has arranged a non-brokered private placement for aggregate gross proceeds of up to $1.25-million, positioning the company to advance its flagship Great Northern project in Newfoundland as it transitions into its first systematic drilling program.
The offering will consist of: (i) up to 14,545,455 flow-through units of the company at a price of 5.5 cents per flow-through unit; and (ii) up to nine million units of the company at a price of five cents per hard-dollar unit. Red Cloud Securities Inc. will be acting as a finder in connection with the offering.
Each flow-through unit will consist of one common share issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each flow-through warrant will entitle the holder to acquire one common share at a price of eight cents for a period of 24 months from issuance.
Each hard-dollar unit will consist of one common share of the company and one common share purchase warrant. Each hard-dollar warrant shall entitle the holder to acquire one warrant share at a price of 7.5 cents for a period of 24 months from issuance.
Strategic use of proceeds
The proceeds from the sale of flow-through units will be used to incur eligible Canadian exploration expenses at the Great Northern project in Newfoundland, with all qualifying expenditures renounced to subscribers effective Dec. 31, 2025.
The net proceeds from the sale of hard-dollar units will be used for working capital and general corporate purposes.
Chief executive officer Commentary
"This financing is about positioning Gold Hunter at the exact moment it transitions from consolidation and preparation into drilling," said Sean Kingsley, president and chief executive officer of Gold Hunter.
"We now control a district-sized project with a gold-bearing fault system in one of the world's most active mining jurisdictions, with modern geophysics completed, targets being finalized and drilling in sight. This offering allows us to move decisively while maintaining discipline, tight ownership and strong alignment with shareholders. With our updated investor presentation now live, investors can clearly see the scale of what we're building and why we believe Great Northern has the potential to be a significant Newfoundland gold story."
Corporate update
Gold Hunter has posted an updated investor presentation on its website and in its investor materials concurrent with this news release. The updated presentation outlines the company's district-scale land position, completed VTEM (versatile time-domain electromagnetic) geophysical survey and data-driven targeting strategy as the company advances toward its initial drill program.
Offering terms and conditions
The closing of the offering is subject to receipt of all required regulatory approvals, including approval of the Canadian Securities Exchange. The securities issued under the offering will be subject to a statutory hold period ending on the date that is four months plus one day from the date of issuance in accordance with applicable securities laws. Finders' fees may be payable in accordance with CSE policies.
About Gold Hunter Resources Inc.
Gold Hunter Resources is a Canadian mineral exploration company dedicated to acquiring and advancing high-potential precious and base metal projects. The company employs a data-driven exploration strategy, merging modern techniques with historical data to unlock district-scale opportunities. The Great Northern project, covering 26,237 hectares and over 35 kilometres of strike length along the prospective Doucers Valley fault structure, is the company's flagship asset. Within the Doucers Valley fault, there have been identified greater-than-50-kilometre potential splays and secondary faults with known mineralization and potential for additional mineralization. Gold Hunter is committed to responsible exploration, stakeholder engagement and creating long-term shareholder value.
We seek Safe Harbor.
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