Gold Hunter Closes First Tranche of Financing to Fund District-Scale Exploration Program

Core Viewpoint - Gold Hunter Resources Inc. has successfully closed the first tranche of a non-brokered private placement financing, raising a total of $652,774, which will be utilized for exploration activities, including a VTEM airborne survey [1][4][10] Financing Details - The first tranche included flow-through units consisting of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.12 for 12 months [1] - Hard dollar units were also issued, comprising one common share and one share purchase warrant, with each warrant allowing the purchase of an additional common share at $0.12 for 24 months [2] - Finder's fees of $35,041.15 were paid, and 402,555 broker warrants were issued, each allowing the purchase of one common share at $0.12 for 24 months [3] Use of Proceeds and Operational Update - Proceeds from the financing will be immediately deployed to commence a VTEM airborne survey, which is expected to enhance the exploration potential of the company's consolidated land package [4][10] - The VTEM program will cover a total area of 26,237 hectares, integrating new and existing data to create a comprehensive dataset for exploration [5][10] Strategic Advantages - The timing of the VTEM program has been advantageous, allowing for the expansion of the survey to include newly consolidated mineral tenure, which enhances the exploration strategy [5][6] - The high-resolution survey is expected to provide a strong pipeline of high-priority drill targets, supported by integrated multi-disciplinary data [6] Next Steps and Future Plans - The company plans to complete one additional tranche of financing by the end of July, which will fund an initial drilling campaign targeting high-priority anomalies identified by the VTEM survey [7] - The VTEM survey will be followed by geological mapping, prospecting, and sampling to validate and prioritize targets [8][9] Management Commentary - The President & CEO emphasized that the completion of the VTEM survey and the funding from the first tranche will enable a disciplined exploration strategy, generating technical catalysts while preserving flexibility [10]