United Hunter Announces $250,000 Private Placement Offering
29 Maio 2020 - 6:00PM
United Hunter Oil & Gas Corp. (TSXV: UHO) and
Frankfurt (UHO: A118VK) (the “
Company”), announces
a follow on non-brokered private placement (the
“
Offering”) of an initial 5,000,000 common shares
of the Corporation (the “
Common Shares”) at a
price of $0.05 per Common Share for an initial gross proceeds of up
to $250,000. The Offering also provides for an over-allotment
option, which can be exercised by the Company at any time prior to
the closing of the Offering, of an additional 5,000,000 Common
Shares resulting in a potential of $500,000 in total gross proceeds
and the issuance of up to potentially 10,000,000 common shares
(assuming the over-allotment option is exercised in full) at price
of $0.05 per common share.
The proceeds of the Offering will be used for
the evaluation of new acquisition opportunities, general and
administrative expenses and for general working capital purposes.
The Offering is subject to the acceptance of the TSX Venture
Exchange (the “TSXV”).
The Company may pay finder’s fees in accordance
with the policies of the TSXV. All securities issued in connection
with the Offering will be subject to a statutory hold period of
four months plus one day from the date of issuance in accordance
with applicable securities legislation.
About United Hunter
United Hunter Oil & Gas Corp.
(www.unitedhunteroil.com) is a Canadian based corporation with
management very experienced in the oil and gas industry. United
Hunter Oil & Gas Corp. is publicly traded on TSX Venture
Exchange (TSX-V: UHO) and Frankfurt Exchange (UHO: A118VK). The
Company’s public filings may be found at http://www.sedar.com.
For additional information, please contact:
Timothy TurnerCEO(713)
858-3329info@unitedhunteroil.com
Forward-Looking Statements
This news release contains forward-looking
information that involves various risks and uncertainties regarding
future events. Such forward-looking information includes statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance of the
Company. Forwarding-looking statements in this news release include
the statements regarding the use of proceeds from the Offering.
Actual results could differ materially from those currently
anticipated due to factors such as: (i) the decision to not close
the Offering for any reason; and (ii) the need for additional
financing. Except as required by law, the Company does not intend
to update any changes to such statements.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
United Hunter Oil and Gas (TSXV:UHO)
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