Liberty Lake, Washington, July 20, 2015 – Hunt Mining Corp. (the “Corporation”) (TSX VENTURE: “HMX”) announces it has closed its previously announced non-brokered private placement offering, previously announced on June 11, 2015 and again on July 2, 2015.
The private placement resulted in aggregate gross proceeds of $1,125,000, all of which was received from related parties. The private placement consisted of the issuance of 22.5 million units at five cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each whole share purchase warrant shall entitle the holder to purchase one common share at a price of seven and a half cents, exercisable for a period of
5 years, expiring on July 20, 2020.
All securities issued under the private placement are subject to a four-month and one day hold period from the date of closing, the hold expiring November 21, 2015. Final acceptance from the TSX-V is expected shortly.
In connection with the closing of the private placement, and in accordance with the regulatory requirements,
Tim Hunt/Hunt Family Limited Partnership, a company which is majority owned and controlled by Mr. Tim Hunt, President and Chief Executive Officer of the Corporation, has acquired 22,500,000 common shares of the Corporation, which, including prior ownership, represents approximately 78.55% of the outstanding common shares of the Corporation. Prior to the purchase, Tim Hunt/Hunt Family LP owned and controlled approximately 45.6% of the outstanding common shares of the Corporation.
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as an active and aggressive explorer in Santa Cruz since 2006. During that time, Hunt's wholly owned subsidiary, Cerro Cazador S.A., has completed exploration activity including approximately 64,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 20,000 surface soil, sediment, channel, chip, and trench samples, beyond the historical work previous to the same properties. This, and additional information can be viewed at www.huntmining.com.
For more information contact:
Neither the 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 contains forward-looking statements. The Corporation has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forwardlooking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forwardlooking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.