Global Hunter Corp. (TSXV:BOB) announced a non-brokered private placement of up to 40,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 2,000,000 on May 14, 2012. Each unit will comprise of one common share and one half of one transferable share purchase warrant. Each warrant shall be exercisable into one common share of the company for a period of one year at CAD 0.10 per share. The company will pay a finder's fee in case and/or securities in connection with the offering. The securities issued shall have a four month hold period. On June 5, 2012, the company announced that it will issue 20,900,000 units in its first tranche to nine investors. The company will pay cash finder's fee of CAD 84,000 to Russlan Fajsiev.