Core Viewpoint - Gold Hunter Resources Inc. has successfully completed a non-brokered private placement financing, raising a total of $6,749,894, which fully funds its inaugural drill program at the Great Northern Project in Newfoundland [1][9]. Financing Details - The second tranche of the financing was completed, with the first tranche having closed on December 30, 2025, raising gross proceeds of $1,175,652 [5][6]. - The second tranche included cash finder’s fees totaling $186,475 and the issuance of 3,623,754 non-transferable finder's warrants [6][7]. - The financing was anchored by long-term mining investors, including Golden Capital Consulting and Agro Concept Brazil, as well as North American and European institutional and high-net-worth participants [14]. Project Development - The company is fully funded to execute a drill program of up to 10,000 meters at the Great Northern Project, with the potential to expand based on results [2][9]. - Significant foundational work has been completed, including land consolidation, data compilation, a VTEM airborne geophysical survey, and machine-learning integration to prioritize drill-ready anomalies [4][13]. Use of Proceeds - Proceeds from flow-through units will be allocated to eligible Canadian exploration expenses, while non-flow-through unit proceeds will be used for drilling, technical studies, project advancement, and general working capital [12]. Board Update - The company announced the resignation of Mr. Darrell Brown from the Board of Directors, effective immediately, and is considering forming an advisory committee to enhance governance and technical oversight [15][16]. Company Overview - Gold Hunter Resources Inc. is focused on acquiring and advancing high-potential precious and base metal projects, employing a data-driven approach to exploration [18]. - The Great Northern Project covers 26,237 hectares with over 35 kilometers of strike length along the Doucers Valley Fault Structure, indicating significant potential for mineralization [19][20].
Gold Hunter Resources Closes Final Tranche of Financing; Fully Funded for Inaugural Drilling Program
TMX Newsfile·2026-02-03 03:38