By Sheri Kasprzak
New York, Feb. 1 - Canadian Gold Hunter Corp. said it has negotiated a private placement for C$3 million.
The company plans to sell, on a non-brokered basis, up to 2,381,000 flow-through shares at C$1.05 each and up to 555,500 non flow-through shares at C$0.90 each.
Proceeds from the flow-through shares will be used for Canadian exploration expenses. The rest will be used for working capital and general corporate purposes.
Based in Vancouver, B.C., Canadian Gold Hunter is a gold exploration and development company.
| Issuer: | Canadian Gold Hunter Corp.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$3 million (maximum)
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 1
|
| Stock symbol: | Toronto: CGH
|
| Stock price: | C$0.87 at close Feb. 1
|
|
|
| Flow-through shares
|
| Shares: | 2,381,000
|
| Price: | C$1.05
|
| Warrants: | No
|
|
|
| Non flow-through shares
|
| Shares: | 555,500
|
| Price: | C$0.90
|
| Warrants: | No
|
|
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