Release Date: October 4, 2013
VANCOUVER, B.C. – Arctic Hunter Energy Inc. (TSX-V: AHU) (the “Company”) Tim Coupland, a director and officer of the Company, has acquired an additional 338,000 common shares of the Company. The 338,000 common shares acquired represent approximately 2.3% of the issued and outstanding shares of the Company on a non-diluted basis. The shares were acquired through the facilities of the TSX Venture Exchange at prices ranging from $0.05 to $0.08 per common share and in private transactions at $0.06 per common share.
The common shares were acquired for investment purposes. As a result of the foregoing acquisition, Mr. Coupland has direct and indirect control and direction over 3,922,500 common shares of the Company, representing approximately 26.2% of the issued and outstanding shares of the Company on a non-diluted basis, and securities (options and warrants) convertible into 650,000 common shares of the Company, representing approximately 4.2% of the issued and outstanding shares of the Company on a partially diluted basis. Mr. Coupland has direct and indirect control and direction over an aggregate of 4,572,500 securities of the Issuer (common shares and convertible securities) representing approximately 29.2% of the issued and outstanding shares of the Company on a partially diluted basis
The Common Shares acquired will be held for investment purposes. In connection with the investment by Mr. Coupland in the common shares, Mr. Coupland may engage in communications with members of management and the Board of Directors of Arctic Hunter, other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors with respect to Arctic Hunter. Mr. Coupland intends to review his investment in Arctic Hunter on a continuing basis. Depending on various factors including without limitation, the Company’s financial position, price levels of the common shares, conditions in the financial and securities markets, and general overall economic conditions. Mr. Coupland may in the future take such actions with respect to investment in Arctic Hunter as he deems appropriate including without limitation, making proposals to Arctic Hunter concerning, ownership structure of Company operations at Arctic Hunter, acquiring additional Common Shares, and/or selling or otherwise disposing of some or all of his Common Shares. In addition, Mr. Coupland may formulate other purposes, plans or proposals regarding Arctic Hunter or any of its securities to the extent deemed advisable in light of general investment trading policies, market conditions, increase or decrease his beneficial ownership of the Company’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
This press release is issued pursuant to National Instrument 62-104, which also requires a report to be filed with the B.C. Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission containing additional information with respect to the foregoing matters.
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
Robert Hall, Director
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
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.