Gold Hunter Resources Inc. announced a non-brokered private placement of both flow-through and non-flow-through units i) up to 2,000,000 non-flow-through units at a price of CAD 0.25 per non-flow-through unit for gross proceeds of up to CAD 500,000, ii) up to 833,333 flow-through units at a price of CAD 0.30 per flow-through units for gross proceeds of up to CAD 250,000, for aggregate gross proceeds of CAD 750,000 on July 13, 2023. Each non-flow-through units will consist of one common and one transferable common share purchase warrant exercisable for one additional non-flow-through units share at a price of CAD 0.35 for a period of 24 months. Each flow-through units will consist of one flow-through common share and one warrant.

The company will pay finder's fees to eligible finders equal to 8% in cash of the gross proceeds from placees introduced by such finder, and issue to the finder non-transferable warrants equal to 8% of the aggregate number of offered securities issued to placees introduced by such finder, subject to regulatory approval and compliance with applicable securities laws. Any finder's warrants will be exercisable into common shares at a price of CAD 0.35 per common share for a period of 24 months from the date of closing of the private placement. This private placement is subject to certain conditions including, but not limited to, Canadian Securities Exchange approval.

All offered securities will be issued pursuant to exemptions from the prospectus requirements and will be subject to statutory hold periods under applicable securities laws of four months and a day from the closing of the private placement.