United Hunter Closes Private Placement
July 14 2020 - 5:07PM
United Hunter Oil & Gas Corp. (TSXV: UHO) and
Frankfurt (UHO: 18U1) (the “
Company”), is pleased
to announce that it has closed its non-brokered private placement
(the “
Offering”). The Company issued
7,275,000 common shares at a price of $0.05 per common share,
raising gross proceeds of $363,750.
The proceeds of the Offering will be used for
the evaluation of new acquisition opportunities, 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
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: 18U1). 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 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.
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