Gold Hunter Resources Exceeds Fundraising Expectations with Oversubscribed Private Placement

Gold Hunter Resources ( (TSE:HUNT) ) has shared an update.

Gold Hunter Resources Inc. has successfully closed a non-brokered private placement, raising $1,706,199.92, which is over 40% more than the initially planned $1.2 million. This oversubscription reflects strong investor demand and results in the issuance of 28,436,665 units. Each unit includes one common share and a half warrant, with the warrant allowing the purchase of an additional share at $0.12 within 24 months. The funds raised are expected to support the company’s Great Northern project, with notable participation from investor Eric Sprott, increasing his stake in the company.

More about Gold Hunter Resources

Gold Hunter Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in projects that aim to discover and extract valuable minerals, with a particular emphasis on gold exploration.

YTD Price Performance: 33.33%

Average Trading Volume: 172,406

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$4.76M

For detailed information about HUNT stock, go to TipRanks’ Stock Analysis page.