United Hunter Oil & Gas Corp. Announces Extension for Filing Annual Statements
April 29 2020 - 12:09PM
United Hunter Oil and Gas Corp. (TSXV: UHO) and
Frankfurt (UHO: A118VK) (the
“Company”), in
accordance with the blanket relief of a of a 45-day extension,
provided by Canadian Securities Administrators and Ontario
Instrument 51-502: Temporary Exemption from Certain Corporate
Finance Requirements, for periodic filings normally required to be
made by issuers during the period from March 23, 2020 to June 1,
2020, announces that it will be unable to file its audited
annual financial statements for the year ended December 31, 2019
and the related management's discussion and analysis, as required
by Part 4 and Part 5 of National Instrument 51-102: Continuous
Disclosure Obligations (collectively, the "Annual Filings") by the
filing deadline of April 29, 2020. The Company estimates the Annual
Filings are expected to be filed by June 13, 2020.
The Company’s management and other insiders are subject to an
insider trading black-out policy that reflects the principles in
section 9 of National Policy 11-207 Failure-to-File Cease Trade
Orders and Revocations in Multiple Jurisdictions.
Directors and officers are subject to a black-out period until 2
days after the Annual Filings have been filed.
Since the filing of the interim financial reports on November
26, 2019, the Company announced:
- on December 9, 2019, Texaskew Energy, LLC (“Texaskew”) assigned
the rights and obligations under a project agreement with GulfSlope
Energy, Inc. (“GulfSlope”) dated November 15, 2019 (“Project
Agreement”) to the Company for a period of 6 months, subject to the
Company’s option to renew for an additional 6 months
(“Assignment”). In order to finance its commitments and
provide general working capital, the Company proposed to complete a
private placement of units at a price of $0.05 per unit for minimum
gross proceeds of $1,000,000 and maximum gross proceeds of
$1,200,000.
- on March 19, 2020, the resignation of Dr. Art Halleran as a
director and the appointment of Mikael Lundgren and Miles
Nagamatsu, Chief Financial Officer of the Company, as
directors.
- on April 9, 2020, the Company announced the mutual termination
of the Assignment with Texaskew Energy LLC.
About the Issuer
United Hunter Oil & Gas Corp.
(www.unitedhunteroil.com) is a Canadian based corporation with
management very experienced in the oil and gas industry. United
Hunter Oil & Gas Corp. is publicly traded on TSX Venture
Exchange (TSX-V: UHO) and Frankfurt Exchange (UHO: A118VK). The
Corporation’s public filings may be found at
http://www.sedar.com.
For additional information, please contact:
Timothy Turner
CEO
(713) 858-3329
info@unitedhunteroil.com
Reader Advisory
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain statements contained in this press
release may constitute “forward-looking statements” as such term is
used in applicable Canadian and US securities laws. These
statements relate to analyses and other information that are based
upon forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Forward-looking
statements are made based on management’s beliefs, estimates and
opinions on the date the statements are made and the Corporation
undertakes no obligation to update forward-looking statements and
if these beliefs, estimates and opinions or other circumstances
should change, except as required by applicable law.
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