Mr. Timothy Turner reports
UNITED HUNTER CLOSES PRIVATE PLACEMENT
United Hunter Oil & Gas Corp. has closed its non-brokered private placement. The company issued 7,275,000 common shares at a price of five cents per common share, raising gross proceeds of $363,750.
The proceeds of the offering will be used for the evaluation of new acquisition opportunities, for general and administrative expenses, and for working capital purposes.
The company paid a total of $5,950 in brokerage commissions in connection with the offering.
The common shares issued under the offering will be subject to a four-month-and-one-day hold period from the date of issue in accordance with applicable securities laws.
About United Hunter & Gas Corp.
United Hunter is a Canadian-based corporation with management very experienced in the oil and gas industry.
We seek Safe Harbor.
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