Global Hunter Concludes Private Placement
Vancouver, B.C. – July 18, 2012 – Global Hunter Corp. (the “Company”) (TSX.V: BOB.V) announces that it has closed off subscriptions for its non-brokered private placement announced on May 14, 2012. As announced on July 3, 2012, the Company issued 20,900,000 units (each a “Unit”) to raise gross proceeds of $1,045,000. Each Unit was comprised of one common share and one-half of a share purchase warrant. One whole warrant entitles the holder to purchase one further common share for of $0.10 until June 8, 2013.
All shares issued pursuant to the offering, and any shares issued pursuant to the exercise of warrants, will be subject to a four-month hold period expiring at midnight on October 8, 2012.
The proceeds from the offering will be used to finance exploration activities on the Company's Corona de Cobre copper project in Chile and for general corporate expenses.
On behalf of the Board of Directors,
Director, Global Hunter Corp.
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: email@example.com or visit our Website: www.globalhunter.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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