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HMX Hunt Mining Corp

0.115
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hunt Mining Corp TSXV:HMX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.115 0.115 0.115 0 01:00:00

Board Appointment and Corporate Update

04/04/2014 2:01pm

Marketwired Canada


Hunt Mining Corp. ("Hunt" or the "Company") (TSX VENTURE:HMX) announces the
appointment of Alastair Summers to the Board of Directors and to the Company's
Audit Committee. Mr. Summers is a Professional Engineer graduated from the
University of British Columbia with a Bachelor of Science (Mining Engineering).
Mr. Summers was Vice President and General Manager of Hecla Mining Company's
operations in Mexico and Venezuela. He was personally responsible for building
mines for Hecla including La Choya and San Sebastian in Mexico. Al Summers also
prepared the feasibility study for the Stillwater Platinum-Palladium Mine. Mr.
Summers worked for Paramount Gold and Silver Corp. at its San Miguel Project in
Mexico from 2007 to 2009. Al Summers will bring tremendous insight to the
Company as it analyses near-term potential for development in Argentina. This
appointment is subject to TSX Venture Exchange approval.


The Company announces that the notes to its interim financial statements for the
nine months ended September 30, 2013 contained an error. Specifically, Note 13
(Related Party Transaction) incorrectly disclosed that the balance owed to the
Company by HuntMountain Resources Ltd., a company controlled by a related party
to the Company, was $114,408 and that the Company was doubtful of the
collectability of this receivable as of September 30, 2013. The disclosure was
incorrect and the note should have stated: 


"In conjunction with the Company's Qualifying Transaction, on December 23, 2009,
the Company advanced $200,000 to HuntMountain, CCSA's former parent corporation,
as a refundable deposit. As at the period ended September 30, 2013, the balance
owed by HuntMountain to the Company was $114,408 (December 31, 2012 - $114,408).
The Company has contacted HuntMountain's management and has confirmed that any
outstanding balances will be collected by December 31, 2014."


The correction will be included in the Company's audited financial statements
for the year ended December 31, 2013. Any outstanding balances owed to the
Company from the related party, if any, will be satisfied by December 31, 2014. 


The Company would also like to report the granting of up to five million
incentive stock options to certain directors and officers at 10 cents a share,
exercisable for a five-year period. 


About Hunt Mining

Hunt Mining Corp. is at the start of a 5 thousand meter drill campaign and has
continued to develop its properties as an active and aggressive explorer in
Santa Cruz since 2006. During that time, Hunt's wholly owned subsidiary, Cerro
Cazador S.A., has completed exploration activity including approximately 57,000
meters of HQ core drilling, 416 line kilometers of Induced Polarization
geophysical surveys and more than 20,000 surface soil, sediment, channel, chip,
and trench samples. Historical results and additional information can be viewed
at www.huntmining.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This news release contains forward-looking statements. The Company has provided
the forward-looking statements in reliance on assumptions that it believes are
reasonable at this time. The reader is cautioned that the assumptions used in
the preparation of the forward-looking statements may prove to be incorrect. All
such forward-looking statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, delays resulting from or inability to
obtain required regulatory approval. The actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do, what benefits, including the amount of
proceeds, the Company will derive therefrom. Readers are cautioned that the
foregoing list of factors is not exhaustive.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hunt Mining Corp.
Bob Little
Chief Financial Officer
(509) 290 5659
blittle@huntmining.com
www.huntmining.com


Hunt Mining Corp.
Dean Stuart
Investor Relations
(403) 517 2270
dstuart@huntmining.com
www.huntmining.com

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