Canadian Gold Hunter Private Placement Increased

Canadian Gold Hunter Private Placement Increased

June 25, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - Canadian Gold Hunter Corp. (TSX:CGH) (the "Company") reports that it has increased the private placement announced on June 24, 2008. The Company will now sell, on a non-brokered, private placement basis, up to 565,500 Flow-Through Common Shares at a price of Cdn $2.30 per Flow-Through Share and up to 3,500,000 Common Shares (Non Flow-Through) at a price of Cdn $2.00 per Common Share for total gross proceeds of up to Cdn $8,300,650.

The private placement is subject to regulatory approval. A 4% finders' fee may be payable on a portion of the private placement.

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.


Richard J. Bailes, President 

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

Subscribe to our Email List

Register to receive an e-mail containing NGEX Resources' news releases as they are published by Marketwired.