Mr. Timothy Turner reports
UNITED HUNTER OIL & GAS CORP. ANNOUNCES EXTENSION FOR FILING ANNUAL STATEMENTS
In accordance with the blanket relief of a 45-day extension provided by Canadian Securities Administrators and Ontario Instrument 51-502 -- Temporary Exemption from Certain Corporate Finance Requirements, for periodic filings normally required to be made by issuers during the period from March 23, 2020, to June 1, 2020,
United Hunter Oil & Gas Corp. will be unable to file its audited annual financial statements for the year ended Dec. 31, 2019, and the related management's discussion and analysis, as required by parts 4 and 5 of National Instrument 51-102 -- Continuous Disclosure Obligations, by the filing deadline of April 29, 2020. The company estimates the annual filings are expected to be filed by June 13, 2020.
The Company's management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Directors and officers are subject to a black-out period until 2 days after the Annual Filings have been filed.
Since the filing of the interim financial reports on November 26, 2019, the Company announced:
On December 9, 2019, Texaskew Energy, LLC ("Texaskew") assigned the rights and obligations under a project agreement with GulfSlope Energy, Inc. ("GulfSlope") dated November 15, 2019 ("Project Agreement") to the Company for a period of 6 months, subject to the Company's option to renew for an additional 6 months ("Assignment"). In order to finance its commitments and provide general working capital, the Company proposed to complete a private placement of units at a price of $0.05 per unit for minimum gross proceeds of $1,000,000 and maximum gross proceeds of $1,200,000.
On March 19, 2020, the resignation of Dr. Art Halleran as a director and the appointment of Mikael Lundgren and Miles Nagamatsu, Chief Financial Officer of the Company, as directors.
On April 9, 2020, the Company announced the mutual termination of the Assignment with Texaskew Energy LLC.
About United Hunter Oil & Gas Corp.
United Hunter Oil & Gas is a Canadian based corporation with management very experienced in the oil and gas industry.
We seek Safe Harbor.
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