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CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Huntington Exploration Inc. ("HEI" or the "Company") (TSX VENTURE: HEI) announced today that it has completed the closing of the previously announced non-brokered private placement of units ("Units"), subject to final approval of the TSX Venture Exchange. HEI issued 16,666,667 Units at a price of $0.03 per Unit for gross proceeds of $500,000 (the "Private Placement"). Each Unit consists of one common share and one transferable common share purchase warrant, which each warrant entitling the holder thereof to purchase one additional common share at a price of $0.05 per share for a period of thirty six months from closing. |
