Arctic Hunter Energy Inc. (TSXV:AHU) announced a non-brokered private placement of 1, 000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 50,000 on July 10, 2020. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.10 per share for a period of three years from the date of issuance. The transaction is subject to TSX Venture Exchange approval. The securities issued are subject to hold period of four months from the date of issue. The company has agreed to pay a finders' fee to arm's length parties. The finder's fee will consist of a cash fee equal to 6% of the gross proceeds and finder's warrants equal in number to 6% of the units sold under the transaction. Finder's warrant will entitle the holder to acquire one common share at a price of CAD 0.10 per share for a period of three years from the date of issuance.