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Hunt Mining controls extensive mineral rights in Santa Cruz Province, Argentina encompassed within 31 strategically positioned projects.
Message: Hunt Mining Announces Pricing Change - Non-Brokered Private Placement Offering
Hunt Mining Announces Pricing Change - Non-Brokered Private Placement Offering
LIBERTY LAKE, WASHINGTON--(Marketwired - July 2, 2015) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) announces a change in the pricing of the non-brokered private placement offering for new capital to accredited investors, due to market changes since the previous announcement on June 11, 2015.
The Corporation has arranged a non-brokered private placement offering for new capital. The non-brokered private placement intends to raise maximum aggregate gross proceeds of up to $1,125,000.
It is expected the majority of the proceeds will be subscribed for by related parties to the corporation; however, the private placement is being offered to all current shareholders who had expressed an interest. The private placement is not expected to result in the creation of any new control persons or a change of control. The non-brokered private placement will consist of up to 22,500,000 million units at $0.05 per unit, consisting of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.075, exercisable for a period of five years from closing. The proceeds will be used to fund existing exploration activities in Santa Cruz, Argentina and for general working capital purposes. All securities issued under the private placement will be subject to a four-month hold period from the day of closing, and are subject to TSX-V review and acceptance.
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as an active and aggressive explorer in Santa Cruz since 2006. During that time, Hunt's wholly owned subsidiary, Cerro Cazador S.A., has completed exploration activity including approximately 64,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 20,000 surface soil, sediment, channel, chip, and trench samples, beyond the historical work previous to the same properties. This, and additional information can be viewed at www.huntmining.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. The Corporation has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
Hunt Mining Corp.
Chief Financial Officer
(509) 290 5659
Source: Marketwired (Canada) (July 2, 2015 - 9:01 AM EDT)
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