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Canadian Gold Hunter Announces Amended Private Placement

Jun 10, 2005 - 12:27 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 10, 2005) - Canadian Gold Hunter Corp. (the "Company") (TSX VENTURE:CGH) reports that it has amended the private placement announced on May 30, 2005. The Company has increased the private placement and is now selling on a non-brokered basis, up to 4,657,500 Flow-Through Common Shares at a price of Cdn $0.80 per share and up to 400,000 Common Shares (Non Flow-Through) at a price of $0.75 per share for total gross proceeds of Cdn $4,026,000.

The gross proceeds of the Flow-Through Shares shall be used for the exploration of the Company's Canadian exploration projects. The Company will use its best efforts to ensure that the exploration expenditures qualify for the investment expenditure credits for purposes of the Income Tax Act (Canada). The gross proceeds of the Common Shares (Non Flow-Through) will be used for general working capital purposes. The private placement is subject to regulatory approval.

ON BEHALF OF THE BOARD

Richard J. Bailes, President

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian Gold Hunter Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
www.canadiangoldhunter.com


 

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