Hunter Technology (TSXV: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM) today announced its entry into an agreement with FinFabrik Limited of Hong Kong (“FinFabrik”), a creator of financial technology, powering institutions, professional investors and managed capital to thrive in a new era providing platforms to inaccessible markets. According to the update, the entities will use reasonable commercial efforts to negotiate, in good faith, a definitive agreement for a business combination in which Hunter would acquire FinFabrik. Hunter agreed (in November 2020, through its Swiss development subsidiary, Digiledger Holdings AG) to engage FinFabrik to develop Hunter’s OilEx and OilExchange Platforms. In working together, synergies between Hunter and FinFabrik were discovered, leading to a mutual desire to explore a business combination. FinFabrik will continue its development work through the negotiation period.
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About Hunter Technology Corp.
Hunter Technology is an oil industry service provider developing interactive platforms to enable the facilitation of physical oil transactions throughout the trade lifecycle, with more favourable economics for producers and access to a fair market for all. Through OilEx.com, Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. In addition, through OilExchange.com, Hunter will offer robust supply chain management tools that track physical oil throughout the supply chain and automate the reporting process. For more information, visit the company’s website at www.HunterTechnology.com.
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