Business
Gold Hunter Announces Private Placement for Gross Proceeds of up to C$1.25 Million
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Gold Hunter Resources Inc. (CSE: HUNT) (FSE: 6RH) ("Gold Hunter" or the "Company") is...
About this update from Gold Hunter Resources, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Gold Hunter Resources Inc. (CSE: HUNT) (FSE: 6RH) ("Gold Hunter" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for aggregate gross proceeds of up to C$1,250,000, positioning the Company to advance its flagship Great Northern Project in Newfoundland as it transitions into its first systematic drilling program.","length":453,"tagName":"p"},{"type":"text","content":"The Offering will consist of (i) up to 14,545,455 flow-through units of the Company (each, a "FT Unit") at a price of C$0.055 per FT Unit, and (ii) up to 9,000,000 units of the Company (each, a "HD Unit") at a price of C$0.05 per HD Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.","length":344,"tagName":"p"},{"type":"text","content":"Each FT 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) (each, a "FT Share") and one-half of one common share purchase warrant (each whole warrant, a "FT Warrant"). Each FT Warrant will entitle the holder to acquire one common share at a price of C$0.08 for a period of 24 months from issuance.","length":418,"tagName":"p"},{"type":"text","content":"Each HD Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "HD Warrant"). Each HD Warrant shall entitle the holder to acquire one Warrant Share at a price of C$0.075 for a period of 24 months from issuance.","length":298,"tagName":"p"},{"type":"text","content":"Strategic Use of Proceeds","length":25,"tagName":"p"},{"type":"text","content":"The proceeds from the sale of FT 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 December 31, 2025.","length":245,"tagName":"p"},{"type":"text","content":"The net proceeds from the sale of HD Units will be used for working capital and general corporate purposes.","length":107,"tagName":"p"},{"type":"text","content":"CEO Commentary","length":14,"tagName":"p"},{"type":"text","content":""This financing...