Correction from source: Goldhunter Explorations Inc. announces private placement.TORONTO--(BUSINESS WIRE)--June 24, 1996--GOLDHUNTER (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : GH) Goldhunter Explorations Inc. ("Goldhunter") is pleased to announce that it has completed a private placement of 1,000,000 units at 0.40 per unit through Brawley Brawley, city (1990 pop. 18,923), Imperial co., SE Calif.; inc. 1908. It is situated in the Imperial Valley, SE of the Salton Sea. Winter fruits and vegetables, cotton, alfalfa, corn, and sugar beets are grown, and cattle and sheep are raised. Cathers Limited ("Brawley Cathers") with a European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. investor. Each unit is comprised of one (1) common share and one (1) warrant to purchase a further common share at $0.48 for two (2) years following closing. Brawley Cathers has been paid a cash commission of $32,000 from the unit private placement plus it will be issued 22,916 warrants to purchase common shares of Goldhunter at $0.48 per share for two (2) years following closing, subject to regulatory approval. The $368,000 raised net of commissions will be used for general working capital and to fund Goldhunter's exploration commitments pursuant to its option and joint venture arrangement with Strike Minerals Inc. and CopperQuest Inc. on the Ronda Ronda (rôn`dä), town (1990 pop. 34,102), Málaga prov., S Spain, in Andalusia. One of the most colorful of Spanish towns, it is beautifully situated high in the mountains of Sierra de Ronda and is a popular tourist destination. Property. This placement brings to $644,000 the total of funds raised for Goldhunter's treasury in the last three (3) months. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Goldhunter Explorations Inc. Peter Purcell, 416/368-4411 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 80 |
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