VANCOUVER, BRITISH COLUMBIA, FEBRUARY 11, 2021 – GOLD HUNTER RESOURCES INC. (the “Company”) (CSE: “HUNT”) is pleased to announce that it has completed its Initial Public Offering (the “IPO”) of 5,750,000 common shares (the “Common Shares”) at a price of $0.15 per common share for gross proceeds of $862,500.
Leede Jones Gable Inc. (the “Agent”) has been paid a cash commission equal to 9.0% of the gross proceeds from the sale of the Common Shares pursuant to the IPO, together with a cash corporate finance fee. Additionally, the Company has granted compensation options to the Agent entitling it to purchase up to 517,500 common shares at an exercise price of $0.15 per common share, exercisable on or before February 11, 2023. The Company currently has 16,550,000 common shares issued and outstanding.
The Company’s common shares are listed on the Canadian Securities Exchange (“CSE”) and will begin trading on the CSE under the symbol “HUNT” on Friday, February 12, 2021.
About the Company
The Company is engaged in acquisition, exploration and development of mineral property assets in Canada. The Company’s objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Cameron Lake East Project. The Issuer’s sole property is the Cameron Lake East Project, located in the Kenora Mining Division of northwestern Ontario, 75 km southeast of the town of Kenora.
For more information, please refer to the Company’s Prospectus dated January 21, 2021 available on SEDAR (www.sedar.com), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard Macey, President, Chief Executive
Officer and Director
The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold in the United States or to “U.S. persons”, as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.