Gold Hunter Resources closes $1.2 million first tranche of private placement

Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF) (FSE: 6RH) closed the first tranche of its private placement financing on December 30, raising gross proceeds of $1,175,652.04.

The Vancouver-based mineral exploration company issued two types of units in this tranche. Flow-through units raised $705,652.04 at $0.055 per unit, while non-flow-through units generated $470,000 at $0.05 per unit.

Each flow-through unit consists of one flow-through common share and one-half warrant, with each full warrant exercisable at $0.08 for 36 months. Hard dollar units include one common share and one full warrant exercisable at $0.075 for 36 months.

The company paid finder's fees of $60,176 and issued 1,148,655 non-transferable broker warrants exercisable at prices between $0.075 and $0.08 for 36 months.

Proceeds from flow-through units will fund Canadian exploration expenses at the company's Great Northern Project in Newfoundland. Hard dollar proceeds will support general working capital and administrative purposes.

"Closing this first tranche provides Gold Hunter with the immediate capital required to advance the Great Northern Project," said Sean A. Kingsley, president and CEO. "With over $1.1 million secured, we are well-positioned to execute our exploration strategy in the new year."

The Great Northern Project spans 40 kilometers of strike length across 26,237 hectares along the Doucers Valley Fault Structure in Newfoundland. The company plans to conduct a drill program targeting exploration anomalies in the area.

Gold Hunter announced the private placement on December 11, 2025, according to the company statement.

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