ARCTIC HUNTER ENERGY INC. ("AHU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 7, 2014:
Number of Shares: 8,960,000 shares
Purchase Price: $0.05 per share
Warrants: 8,960,000 share purchase warrants to purchase 8,960,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 26 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
T8X Capital Ltd. (Tim Coupland) Y 1,000,000
Tim Coupland Y 2,000,000
Tamiko Coupland Y 500,000
Aggregate Pro-Group Involvement 200,000
[2 placees]
Finder's Fee: Haywood Securities Inc. - $400.00 and 8,000 finder's warrants that are exercisable into common shares at $0.10 per share for a two year period.
Canaccord Genuity Corp. - $8,000.00 and 160,000 finder's warrants that are exercisable into common shares at $0.10 per share for a two year period.
PI Financial Corp. - $8,000.00 and 160,000 finder's warrants that are exercisable into common shares at $0.10 per share for a two year period.
Mari Honda - $5,440.00 and 108,500 finder's warrants that are exercisable into common shares at $0.10 per share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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