By ahadmin February 07, 2014

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ARCTIC HUNTER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Release Date: February 7, 2014

VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) announces that it has reserved up to 8,000,000 common shares in the capital of the Company in connection with a non-brokered private placement of Units of the Company, to be issued at a subscription price of $0.05 per Unit, for total gross proceeds of up to $400,000. Each Unit will consist of one (1) common share and one (1) common share purchase warrant, each warrant exercisable at a price of $0.10 per share for a period of two (2) years from the date of issuance. The private placement is subject to approval from the TSX Venture Exchange and all of the securities issued pursuant to the private placement will be subject to a four month hold period from the date of issue in accordance with applicable securities laws.

The Company has agreed to pay a finders’ fee to arm’s length parties for services in respect of the Unit Offering. The finder’s fee will consist of a cash fee equal to 8% of the gross proceeds of the Unit Offering and finders’ warrants entitling the finders to purchase that number of common shares which is equal to 8% of the number of Units purchased by subscribers referred to the Company by such finders. The finder’s warrants will be exercisable for a period of two years at a price of $0.10 per share.

The Company proposes to use the net proceeds from the Unit Offering in connection with its exploration, development and drilling activities in the greater Lloydminster area of west-central Alberta & Saskatchewan. The Closing of the Unit Offering is expected to occur in late February 2014.
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ABOUT ARCTIC HUNTER ENERGY

The Company is a Canadian Oil & Gas exploration and development Company that acquires and finances the acquisition, exploration and development of oil and gas assets primarily in Western Canada. The Company is a junior heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future production and exploration opportunities through selective property acquisitions and identifying low risk exploration drilling activities.

The Company has qualified management and has an Oil & Gas team of professionals seasoned in field exploration and drilling. The Company has the resources and necessary manpower to develop its natural resource and production properties. The Company is committed to minimizing risk through the selective acquisition, exploration and development of petroleum and natural gas resource assets. The Company intends to increase its oil production and reserves through its exploration activities and strategic property acquisitions.
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FOR FURTHER INFORMATION, PLEASE CONTACT:

Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
astar@telus.com

or

Robert Hall, Director
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
rthall@shaw.ca
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Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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