Gold Hunter Closes First Tranche of Financing to Fund District-Scale Exploration Program
Gold Hunter Resources (OTCQB: HNTRF) has closed the first tranche of its non-brokered private placement, raising $652,774 through a combination of flow-through units at $0.09 and non-flow-through units at $0.07. The financing includes $436,005 in flow-through and $216,769 in hard dollar units.
The proceeds will fund a comprehensive VTEM airborne geophysical survey across the company's expanded 26,237-hectare district-scale property. The survey will provide high-resolution electromagnetic and magnetic data to identify structures, alteration zones, and potential mineralization. The company plans an additional financing tranche by July end to support initial drilling of high-priority targets.
The timing proves advantageous as Gold Hunter has recently consolidated additional mineral tenure, allowing for a complete survey of the entire property in one consistent dataset.Gold Hunter Resources (OTCQB: HNTRF) ha chiuso la prima tranche della sua collocazione privata non mediata, raccogliendo 652.774$ attraverso una combinazione di unità flow-through a 0,09$ e unità non flow-through a 0,07$. Il finanziamento include 436.005$ in unità flow-through e 216.769$ in unità hard dollar.
I proventi serviranno a finanziare un completo rilievo geofisico aereo VTEM sull'espansa proprietà di scala distrettuale di 26.237 ettari della società. Il rilievo fornirà dati elettromagnetici e magnetici ad alta risoluzione per identificare strutture, zone di alterazione e potenziali mineralizzazioni. L'azienda prevede una tranche di finanziamento aggiuntiva entro fine luglio per supportare la perforazione iniziale di obiettivi ad alta priorità.
Il tempismo è vantaggioso poiché Gold Hunter ha recentemente consolidato ulteriori concessioni minerarie, permettendo un rilievo completo dell'intera proprietà in un unico set di dati coerente.
Gold Hunter Resources (OTCQB: HNTRF) ha cerrado la primera tranche de su colocación privada sin intermediarios, recaudando 652,774$ mediante una combinación de unidades flow-through a 0,09$ y unidades no flow-through a 0,07$. La financiación incluye 436,005$ en unidades flow-through y 216,769$ en unidades hard dollar.
Los fondos se destinarán a financiar una completa encuesta geofísica aérea VTEM a lo largo de la ampliada propiedad de escala distrital de 26,237 hectáreas de la empresa. La encuesta proporcionará datos electromagnéticos y magnéticos de alta resolución para identificar estructuras, zonas de alteración y mineralización potencial. La compañía planea una ronda adicional de financiación antes de finales de julio para apoyar la perforación inicial de objetivos prioritarios.
El momento es favorable ya que Gold Hunter ha consolidado recientemente títulos mineros adicionales, permitiendo una encuesta completa de toda la propiedad en un único conjunto de datos consistente.
Gold Hunter Resources (OTCQB: HNTRF)는 중개인 없이 진행하는 비공개 배정의 첫 번째 트랜치를 마감하며 652,774달러를 모금했습니다. 이는 0.09달러의 플로우스루 단위와 0.07달러의 비플로우스루 단위의 조합으로 이루어졌습니다. 이번 자금 조달에는 436,005달러의 플로우스루와 216,769달러의 하드 달러 단위가 포함됩니다.
모금된 자금은 회사가 확장한 26,237헥타르 규모의 광역 부동산 전역에서 실시하는 포괄적인 VTEM 항공 지구물리학 조사에 사용됩니다. 이 조사는 구조물, 변질대 및 잠재적 광물화를 식별하기 위한 고해상도 전자기 및 자기 데이터를 제공합니다. 회사는 7월 말까지 고우선순위 목표물의 초기 시추를 지원하기 위해 추가 자금 조달 트랜치를 계획하고 있습니다.
최근 Gold Hunter가 추가 광산 권리를 통합하여 전체 부동산을 하나의 일관된 데이터 세트로 완전하게 조사할 수 있게 되어 시기가 적절합니다.
Gold Hunter Resources (OTCQB : HNTRF) a clôturé la première tranche de son placement privé sans intermédiaire, levant 652 774 $ grâce à une combinaison d'unités flow-through à 0,09 $ et d'unités non flow-through à 0,07 $. Le financement comprend 436 005 $ en unités flow-through et 216 769 $ en unités hard dollar.
Les fonds serviront à financer une enquête géophysique aéroportée VTEM complète sur la propriété élargie à l'échelle du district de 26 237 hectares de la société. L'enquête fournira des données électromagnétiques et magnétiques à haute résolution pour identifier les structures, les zones d'altération et la minéralisation potentielle. La société prévoit une tranche de financement supplémentaire d'ici la fin juillet pour soutenir le forage initial des cibles prioritaires.
Le calendrier est avantageux, car Gold Hunter a récemment consolidé des droits miniers supplémentaires, permettant une enquête complète de l'ensemble de la propriété dans un ensemble de données cohérent.
Gold Hunter Resources (OTCQB: HNTRF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 652.774$ durch eine Kombination aus Flow-Through-Einheiten zu 0,09$ und Nicht-Flow-Through-Einheiten zu 0,07$ aufgebracht. Die Finanzierung umfasst 436.005$ in Flow-Through und 216.769$ in Hard-Dollar-Einheiten.
Die Erlöse werden eine umfassende VTEM-Luftgeophysik-Studie über das vergrößerte 26.237 Hektar große Distriktgrundstück des Unternehmens finanzieren. Die Studie liefert hochauflösende elektromagnetische und magnetische Daten zur Identifikation von Strukturen, Alterationszonen und potenzieller Mineralisierung. Das Unternehmen plant bis Ende Juli eine weitere Finanzierungsrunde zur Unterstützung der ersten Bohrungen an vorrangigen Zielen.
Das Timing ist vorteilhaft, da Gold Hunter kürzlich zusätzliche Bergbaurechte konsolidiert hat, was eine vollständige Untersuchung des gesamten Grundstücks in einem konsistenten Datensatz ermöglicht.
- Secured $652,774 in first tranche financing
- VTEM survey system has mobilized to site and operations to commence immediately
- Expanded land package to 26,237 hectares with consolidated mineral tenure
- Company is fully permitted for planned geophysical and drilling activities
- Company will not close the full originally announced financing amount
- Additional dilution expected from planned second financing tranche
- Charity flow-through mechanism will not be utilized as previously announced
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF) (FSE: 6RH) ("Gold Hunter" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement financing (the "Offering") for total gross proceeds of
The first tranche consisted of:
$436,005 raised through the issuance of flow-through units at a price of$0.09 per unit, and$216,769 raised through the issuance of non-flow-through (hard dollar) units at a price of$0.07 per unit.
Each flow-through unit is comprised of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of
Each hard dollar unit is comprised of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of
In connection with the closing of the first tranche, finder's fees totaling
The Company does not foresee utilizing the previously announced charity flow-through mechanism.
Use of Proceeds and Operational Update
Proceeds from this tranche, including flow-through funds, will be deployed immediately to:
- Complete the VTEM airborne geophysical survey and expanded to include the newly expanded claim areas. This modern geophysical program will provide high-resolution electromagnetic and magnetic data to delineate structures, alteration zones, and potentially sulphide associated with some mineralization styles over the property with precision over areas that have historically seen limited systematic exploration despite hosting past production and mineral resources.
- Plan for boots-on-the-ground follow-up work, including geological mapping, prospecting, and sampling to validate and prioritize targets generated from the VTEM data.
The Company is pleased to report that Geotech Ltd.'s VTEM airborne survey system has mobilized to site, with survey operations scheduled to commence imminently.
Advantageous Timing
Completion of the VTEM program at this stage, rather than the original intent to complete last fall, has provided Gold Hunter with an advantage. Since late 2024, the Company has successfully consolidated additional mineral tenure, enabling the survey to be expanded to cover the remaining and new project areas and integrate seamlessly with data already collected. This has afforded Gold Hunter a single, consistent dataset across the entire 26,237-hectare district-scale land package, encompassing both known mineralized trends and newly acquired ground. By capturing this information in one cohesive framework, the Company will be positioned to evaluate the Project's full exploration potential with greater confidence and precision.
In the current market environment, where investors increasingly value scale, systematic targeting, and modern data integration, this high resolution survey positions the Company to deliver a strong pipeline of high-priority drill targets supported by full integration of our multi-disciplinary data collected and historical datasets.
Next Steps and Financing Strategy
The Company does not expect to close the full originally announced amount in the near term. Instead, Gold Hunter intends to complete one additional tranche, anticipated by the end of July, which will fund the commencement of an initial drilling campaign targeting the highest-priority anomalies defined by the VTEM survey and fieldwork. The Company is fully permitted to complete the planned geophysical and drilling activities.
Management Commentary
"The arrival of the VTEM system onsite and the closing of this first tranche marks the start of 2025 exploration for Gold Hunter," commented Sean A. Kingsley, President & CEO. "By advancing the survey now, we are completing coverage of our entire consolidated land package, including newly acquired claims. This funding allows us to execute a disciplined exploration strategy, generating meaningful technical catalysts while preserving flexibility and limiting dilution. Once the survey is complete and data interpretation is underway, we plan to mobilize field crews to ground-truth priority anomalies in preparation for drilling. This comprehensive dataset will be an invaluable foundation as we prioritize high-potential targets across a property that already hosts multiple historic resources, a current resource estimate, and a past-producing gold mine, capturing the scale and continuity investors expect in modern exploration."
Qualified Persons and Technical Disclosure
This news release, along with all scientific and technical information, has been reviewed and approved by Rory Kutluoglu, B.Sc., P.Geo., a "Qualified Person" as defined under NI 43-101 - Standards of Disclosure for Mineral Projects and is the consulting technical lead for Gold Hunter.
About Gold Hunter Resources Inc.
Gold Hunter Resources Inc. is a Canadian mineral exploration company focused on acquiring and advancing high-potential precious and base metal projects. The Company leverages a data-driven approach to exploration, combining modern techniques with historical datasets to identify and develop district-scale opportunities.
Following the successful divestiture of its first consolidated district to FireFly Metals Ltd., Gold Hunter has assembled the Great Northern Project, covering 40 kilometres of strike length across 26,237 hectares. Positioned along the Doucers Valley Fault Structure in one of Newfoundland's most prospective gold belts, the Company is advancing toward a maiden drill program targeting high-priority anomalies. Gold Hunter is committed to responsible exploration, meaningful stakeholder engagement, and delivering long-term value to shareholders.
On Behalf of the Board of Directors,
GOLD HUNTER RESOURCES INC.
Sean A. Kingsley
President, CEO, and Director
For more information, please contact:
Email: info@goldhunterresources.com
Phone: +1 604-440-8474
Investor Relations, Corporate Communications & Media, please contact:
Colton Welgan at +1 250-816-5523 or colton@goldhunterresources.com
Website: www.goldhunterresources.com
Neither the CSE nor its Regulation Services Provider (as defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. These statements relate to future events or the Company's future performance and reflect current expectations or beliefs regarding future events, including but not limited to statements regarding the timing for receiving all required consents and approvals for the Closing, the ability of the Company, the GNS Vendors, and the NC Vendors to close the Transaction, the potential of the Great Northern Project, exploration plans, geophysical survey integration, and future drilling targets.
Forward-looking statements are inherently subject to known and unknown risks, uncertainties, and assumptions that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include but are not limited to: the ability of the Company to receive all required consents and approvals for the Closing, market conditions, volatility in commodity prices, exploration and development risks, availability of financing, regulatory or political developments, and changes in project parameters as plans continue to be refined. Ongoing labour shortages, inflationary pressures, high interest rates, the global financial climate and ongoing international conflicts are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
Although Gold Hunter believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Accordingly, readers should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258982
FAQ
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