Arctic Hunter Energy Inc. (TSXV:AHU) will look for acquisitions. The company has closed the second and final tranche of its previously announced private placement. The company issued an aggregate of 1,498,321 units at a price of 15 cents per unit for gross proceeds of $224,748.30 in the second tranche. Combined with the first tranche, the company raised aggregate gross proceeds of $682,248.30 in the private placement. The company intends to use the balance of the proceeds of the offering for any new costs associated with the acquisition and exploration of the company's new gold exploration assets, legal and accounting costs, and general working capital.