By Sheri Kasprzak
Atlanta, July 1 - Global Hunter Corp. said it plans to raise C$3.15 million in a private placement of units.
The non-brokered offering includes 3.5 million units at C$0.90 each.
The units consist of one share and one warrant. The warrants provide for an additional share at C$1.20 each for two years.
The proceeds will be used for exploration and property payments on the Rabbit North and Rabbit South projects in British Columbia, the Whitehorse Copper project in the Yukon, La Corona de Cobre project in Chile and for working capital.
Based in Vancouver, B.C., Global Hunter is a mineral exploration company.
| Issuer: | Global Hunter Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$3.15 million
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| Units: | 3.5 million
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| Price: | C$0.90
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.20
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| Pricing date: | June 30
|
| Stock price: | C$1.17 at close June 30
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