Gold Hunter Closes First Tranche of Private Placement

Core Viewpoint - Gold Hunter Resources Inc. has successfully closed the first tranche of its non-brokered private placement financing, raising a total of $1,175,652.04, which will be utilized for advancing its Great Northern Project and for general working capital [1][3]. The Offering - The first tranche included the issuance of Flow-Through Units and Non-Flow-Through Units, with a total of $705,652.04 raised through Flow-Through Units priced at $0.055 per unit and $470,000 raised through Non-Flow-Through Units priced at $0.05 per unit [2][10]. - Finder's fees amounted to $60,176, and the company issued 1,148,655 non-transferable broker warrants, allowing the purchase of common shares at prices between $0.075 and $0.08 for a period of 36 months [2][10]. Use of Proceeds and CEO Commentary - Proceeds from Flow-Through Units will be allocated to eligible Canadian exploration expenses related to the Great Northern Project, while funds from Hard Dollar Units will support general working capital and administrative needs [3]. - The CEO emphasized that the secured capital positions the company well to execute its exploration strategy in the upcoming year, particularly for the drill program along the Doucers Valley Fault Structure [4]. Company Overview - Gold Hunter Resources Inc. is a Canadian mineral exploration company focused on acquiring and advancing high-potential precious and base metal projects, utilizing a data-driven approach to exploration [4]. - The Great Northern Project spans 40 kilometers across 26,237 hectares and is located along a prospective gold belt in Newfoundland, with plans for a maiden drill program targeting high-priority anomalies [5].