ARCTIC HUNTER ENERGY INC. ("AHU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 25, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced March 20, 2017:
Number of Shares: 5,585,000 shares
Purchase Price: $0.10 per share
Warrants: 5,585,000 share purchase warrants to purchase 5,585,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 15 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Tim Coupland Y 200,000
T8X Capital Ltd. (Tim Coupland) Y 150,000
Lawrence Ilich Y 100,000
Gordon Steblin Y 30,000
Aggregate Pro Group Involvement P 225,000
[2 Placee(s)]
Finder's Fee: Dave Lorne - $3,880.00 and 38,800 Finder's Warrants exercisable into common shares at $0.15 per share for a two year period.
Canaccord Genuity Corp. - $35,200.00 and 352,000 Finder's Warrants exercisable into common shares at $0.15 per share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a closing news release dated May 2, 2017 announcing the closing of the first tranche of the private placement and setting out the expiry dates of the hold period(s). 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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