Gold Hunter Provides Progress Update on the Distribution of FireFly Shares
Vancouver, BC, Apr 12, 2024 - (ACN Newswire) - GOLD HUNTER RESOURCES INC. (CSE: HUNT) (the "Company" or "Gold Hunter") is pleased to provide an important update regarding the distribution (the "Distribution") of shares (the "FireFly Shares") of FireFly Metals Ltd. (ASX: FFM) ("FireFly") to Gold Hunter's shareholders (the "Shareholders").
- Vancouver, BC, Apr 12, 2024 - (ACN Newswire) - GOLD HUNTER RESOURCES INC. (CSE: HUNT) (the "Company" or "Gold Hunter") is pleased to provide an important update regarding the distribution (the "Distribution") of shares (the "FireFly Shares") of FireFly Metals Ltd. (ASX: FFM) ("FireFly") to Gold Hunter's shareholders (the "Shareholders").
- The initiative to distribute the FireFly Shares comes after Gold Hunter received 30,290,624 FireFly Shares, valued at approximately CAD$15,000,000, in exchange for all of the Company's mineral claims in Newfoundland & Labrador.
- Gold Hunter plans to retain 5,197,738 FireFly Shares to cover anticipated tax liabilities and other costs, with the remaining FireFly Shares set to be distributed to Shareholders as at the Record Date, subject to the Company obtaining the Court Approval.
- Sean Kingsley, Chief Executive Officer and President of Gold Hunter, expressed enthusiasm about the partnership with FireFly Metals and their endeavours in Newfoundland's Baie Verte Peninsula.