Hunter Oil (TSX.V: HOC) (OTCQX: HOILF) recently announced that it will pay a return of capital distribution of CAD $1.625 (approximately USD $1.25) per common share of the company to all registered shareholders of record at the close of business on September 11, 2018. The distribution represents the proceeds the company received from the sale of its assets, less outstanding liabilities and USD $2,500,000 for working capital. The distribution to unregistered shareholders holding through intermediaries will be made in accordance with the “due bill” trading procedures of the TSX Venture Exchange. The purpose is to have traded shares carry the value of the distribution until it is paid. The due bill period for the distribution will be September 10-18, 2018, based on the payment date. The shares will commence trading on an ex-distribution basis, without an attached “due bill” entitlement, on September 19, 2018. The due bill redemption date will be September 20, 2018, when all trades with due bills attached have settled.
To view the full press release, visit http://nnw.fm/JeH0k
About Hunter Oil Corp.
Hunter Oil owns and operates two large, historic oil fields in the Permian Basin of eastern New Mexico – the Milnesand and Chaveroo fields. Historical production of these two fields is approximately 40 million barrels. The company plans to unlock the value in these resource-rich fields by leveraging existing infrastructure, lowering operating costs and increasing efficiencies of its operations. For more information, visit the company’s website at www.HunterOil.com.
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