Northwire Canada EditionWednesday, August 5, 2026
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Financings

Gold Hunter Closes First Tranche of Private Placement

By The Northwire Desk — AI Analysis Dec 31, 2025 · 07:01 HUNT · 0.055 Gold Hunter Resources Inc.
HUNT · Price

Executive Summary

  • Gold Hunter Resources closed the first tranche of its non‑brokered private placement, raising $1,175,652.04 in gross proceeds.
  • The financing consisted of Flow‑Through Units ($705,652.04 at $0.055/unit) and Hard Dollar Units ($470,000 at $0.05/unit), each accompanied by share purchase warrants.
  • Proceeds will fund eligible Canadian exploration expenses for the Great Northern Project and provide general working capital; the company is positioned to commence its upcoming drill program.

Key Details

  • Financing Structure
  • Flow‑Through Funding: $705,652.04 raised via Flow‑Through Units at $0.055 per unit. Each unit = 1 flow‑through common share + ½ warrant (exercise price $0.08, 36‑month term).

  • Hard Dollar Funding: $470,000 raised via Non‑Flow‑Through (“Hard Dollar”) Units at $0.05 per unit. Each unit = 1 common share + 1 full warrant (exercise price $0.075, 36‑month term).

  • Finder’s Fees & Broker Warrants

  • Paid finder’s fees totaling $60,176.

  • Issued 1,148,655 non‑transferable broker warrants, each exercisable for one common share at a price between $0.075 and $0.08 for 36 months.

  • Use of Proceeds

  • Flow‑Through Units: To cover eligible Canadian exploration expenses that qualify as flow‑through mining expenditures for the Great Northern Project in Newfoundland.

  • Hard Dollar Units: For general working capital and administrative purposes.

  • CEO Commentary (Sean A. Kingsley, President & CEO)

  • “Closing this first tranche provides Gold Hunter with the immediate capital required to advance the Great Northern Project… we are well‑positioned to execute our exploration strategy in the new year… preparing for our upcoming drill program along the Doucers Valley Fault Structure.”

  • Project Context

  • The Great Northern Project spans 40 km of strike length across 26,237 ha, targeting high‑priority anomalies for a maiden drill program.

Notable Quotes

“Closing this first tranche provides Gold Hunter with the immediate capital required to advance the Great Northern Project. With over $1.1 million secured, we are well‑positioned to execute our exploration strategy in the new year.” – Sean A. Kingsley, President & CEO

Read the original news release →

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