Gold Hunter Announces Upsize to Non-Brokered Private Placement
Executive Summary
- Gold Hunter Resources increased its previously announced private placement to a total of up to 30 M FT Units at $0.055 each and up to 90 M HD Units at $0.05 each, for gross proceeds of up to $6.15 million.
- The first tranche already closed, delivering $1,175,652.04 in gross proceeds (as disclosed on December 31, 2025).
- Proceeds will be used for project evaluation, general working capital, and to satisfy existing property commitments and payables.
Key Details
- Offering Size & Pricing
- Up to 30,000,000 Flow‑Through (FT) Units @ $0.055 per FT Unit.
- Up to 90,000,000 Non‑Flow‑Through (HD) Units @ $0.05 per HD Unit.
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Aggregate gross proceeds potential: $6,150,000.
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First Tranche Close – disclosed on Dec 31, 2025: $1,175,652.04 of the total gross proceeds already received.
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Unit Composition
- FT Unit: 1 common share (flow‑through share) + ½ Share purchase warrant (FT Warrant).
- FT Warrant: right to acquire 1 share at $0.08, exercisable for 24 months from issuance.
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HD Unit: 1 common share + 1 Share purchase warrant (HD Warrant).
- HD Warrant: right to acquire 1 share at $0.075, exercisable for 24 months from issuance.
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Shareholder Approval Requirement – Because the total securities issuable on a fully‑diluted basis exceed 100 % of current outstanding shares, the company will seek written consent per CSE Policy 4.6(2)(a)(i)(2). Warrants cannot be exercised until approval is obtained.
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Use of Proceeds – Net proceeds earmarked for:
- Evaluation of existing and prospective projects.
- General working‑capital needs.
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Settlement of existing property commitments and payables.
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Closing Conditions – Subject to receipt of all required regulatory approvals, including CSE approval; securities will be subject to a statutory hold period (four months + one day). Finder’s fees may apply per CSE policies.
Notable Quotes
- “The increased financing capacity strengthens our balance sheet and provides the flexibility needed to advance our flagship Great Northern Project and other exploration initiatives.” – Sean A. Kingsley, President, CEO & Director.