The Offering also provides for an over-allotment option, which can be exercised by the Company at any time prior to the closing of the Offering, of an additional 5,000,000 Common Shares resulting in a potential of
The proceeds of the Offering will be used for the evaluation of new acquisition opportunities, general and administrative expenses and for general working capital purposes. The Offering is subject to the acceptance of the
The Company may pay finder's fees in accordance with the policies of the TSXV. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.
About United Hunter
Contact:
Tel: (713) 858-3329
Email: info@unitedhunteroil.com
Forward-Looking Statements
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. Forwarding-looking statements in this news release include the statements regarding the use of proceeds from the Offering. Actual results could differ materially from those currently anticipated due to factors such as: (i) the decision to not close the Offering for any reason and (ii) the need for additional financing.
(C) 2020 Electronic News Publishing, source