Mr. Rod Husband reports
$2 MILLION PRIVATE PLACEMENT ANNOUCNED
Global Hunter Corp. has proposed a non-brokered private placement consisting of up to 40 million units at a price of five cents per unit for gross proceeds of up to $2-million. Each unit will comprise one common share and one-half of one transferable share purchase warrant. One whole warrant will entitle the holder to purchase one common share for a period of one year at a price of 10 cents.
Completion of the offering is subject to TSX Venture Exchange acceptance. The company will pay finders' fees in cash and/or securities in connection with the offering, in accordance with exchange policy. All securities issued pursuant to the offering will be subject to a four-month hold period from the closing date. The proceeds from the offering will be used to finance exploration activities on the company's Corona de Cobre copper project in Chile and for general corporate expenses.
We seek Safe Harbor.