Hunter Opinions on Recent Promotional Activity Pursuant to OTC Marketplaces Requests
6 min readVancouver, British Columbia–(Newsfile Corp. – March 30, 2021) – Hunter Technological know-how Corp. (TSXV: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM) (ISIN: CA4457371090) (“Hunter” or the “Corporation“) has received a request by the OTC Marketplaces Group to comment on current advertising action associated to Hunter’s common shares traded on the OTC Marketplaces.
On March 26, 2021, the Corporation grew to become knowledgeable that Stellar Media Group LLC generated and disseminated a company profile posted with out the expertise or consent of the corporation by Conquer Penny Stocks and PENNYPICKS makes as per the disclaimer in their corporate profile. The Enterprise was not informed of these marketing materials prior to receiving copies from OTC Marketplaces. The Organization has not employed possibly Stellar Media Group, and neither the Organization nor its officers were being involved, straight or indirectly, in the development, distribution, dissemination or payment for the marketing supplies, which includes through any 3rd-social gathering support provider.
The marketing elements appear to give an overview of the Company’s enterprise and also seem to make many speculative promises relating to the Firm’s prospective buyers. The marketing components are primarily based on details manufactured readily available by the Enterprise, including the Company’s news releases and investor displays. The Corporation does not consider that the marketing supplies have had an outcome on the trading exercise in the Company’s popular shares. The Corporation had no editorial command around the content or the promotional products. The Firm has reviewed the advertising resources and when it does take into consideration the supplies to be speculative it does not take into consideration the statements produced in the advertising elements to be materially false or deceptive.
On inquiry of Company administration, none of the Firm’s officers, directors or higher than 10% shareholders, or any 3rd-bash provider providers, have (i) specifically or indirectly been associated in the development of, distribution of, or payment for promotional supplies related to the Enterprise or its widespread shares or (ii) bought or purchased any of the Company’s securities in the past 90 times (with the exception of an incentive stock solution grant produced to senior officers of the Organization disclosed by the Company in a news release dated November 22, 2020, and which incentive stock choices will not vest until, at the earliest, June 22, 2022. The strike price tag of the alternatives granted was not at a low cost to sector).
More than the very last yr, the Firm has engaged two third-party companies for trader relations, general public relations, advertising and marketing, marketing and other relevant activities: Hybrid Financial Ltd. (see Firm News Release dated November 13, 2020) and Star Finance GMBH (See Organization Information Launch dated December 9, 2020)
All through the earlier two many years the Organization has not issued any widespread shares or instruments convertible into popular shares or other equity securities at a price tag constituting a price reduction to the sector price at the time of issuance other than as follows: on November 2, 2020 the Firm issued 13,333,333 common shares in a non-public placement transaction at a price of USD $.1125 per popular share, subject to a resale restriction expiring March 3, 2021. The industry amount on OTC Markets at the time of issuance was USD $.20 per prevalent share. The share rate constituted a lower price of 44% to the closing price of the Firm’s widespread shares on the day of issuance, and a 25% discounted to the closing price tag of the Company’ common shares on the date of announcement of pricing of the private placement. The issuance was designed in compliance with the pricing guidelines of the TSX Undertaking Trade. Prior to this two-calendar year interval, from incorporation on February 22, 1980 there have been quite a few instances exactly where the Firm issued fairness securities at charges which constituted a price cut to the market place fee at the time of the issuance. All these types of issuances had been in compliance with the pricing insurance policies of the TSX Enterprise Trade.
About Hunter Technological innovation Corp.
Hunter Technology Corp. develops interactive computer software platforms powered by blockchain technologies that digitalize and streamline actual physical oil trading all through the transaction lifecycle. With its options, Hunter delivers additional favorable economics and good sector accessibility for all and promotes the transition in direction of a additional environmentally and ethically responsible ecosystem. Its flagship products OilEx will hook up independent oil producers, customers, and traders in a trustworthy digital marketplace to improve selling prices, simplify processes, boost transparency, and assistance a lessened carbon footprint. By its info analytics abilities, Hunter will present serious time provide chain administration instruments for tracking the origin, transhipment and processing of hydrocarbons and the environmental, social and governance (ESG) compliance through their lifestyle cycle.
ON BEHALF OF THE BOARD OF Administrators
Florian M Spiegl
Chief Executive Officer
(888) 977-0970
For more information, stop by our website at www.huntertechnology.com
NEITHER TSX Undertaking Exchange NOR ITS REGULATION Products and services Provider (AS THAT Term IS Outlined IN Guidelines OF THE TSX Undertaking Exchange) ACCEPTS Obligation FOR THE ADEQUACY OR Precision OF THIS Launch.
Cautionary Assertion Relating to Forward-Wanting Data.
This news release contains selected statements which may perhaps represent ahead-seeking statements or details (collectively, “ahead-hunting statements”) concerning Hunter’s company growth programs. Forward-wanting statements are statements that relate to long term, not previous, functions. In this context, ahead-seeking statements usually tackle predicted long run company and fiscal performance, like aspects outside of Hunter’s regulate, and often contain terms this kind of as “anticipate”, “imagine”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or occasion “may possibly”, “might”, “could”, “must”, “will” or be “on track to” be taken or arise, or other related expressions. All statements, other than statements of historical fact, integrated herein are ahead-wanting statements. By their nature, forward-wanting statements involve recognised and mysterious pitfalls, uncertainties and other components which might bring about the real final results, functionality or achievements, or other long term gatherings, to be materially diverse from any upcoming results, efficiency or achievements expressed or implied by such forward wanting statements (like execution hazard, market danger, market risk, market place reaction, the effects of general economic ailments and competitiveness from other business participants, as perfectly as stock industry volatility). In this news launch, forward-wanting statements relate to, among other things, Hunter’s enterprise growth ideas as effectively as Hunter’s future efficiency as it develops its business. Although Hunter thinks that the expectations in its ahead-looking statements are reasonable, they are dependent on factors, estimates and assumptions regarding foreseeable future occasions which could prove to be inaccurate. Those elements and assumptions are based mostly upon presently available data. This kind of ahead-wanting statements are issue to recognized and unidentified dangers, uncertainties and other components that could influence genuine effects or functions and cause true final results or situations to differ materially from all those stated, anticipated or implied in the ahead-wanting assertion. Such variables consist of, but are not confined to: threats relating to delays, advancement and internet marketing hazards, unforeseen needs ensuing from the COVID-19 pandemic, commodity costs, incapacity to accessibility, on favorable phrases, enough funds from internal and external sources, the capability to obtain, retain the services of and retain personnel regulatory adjustments and impacts, timing and completion of the Company’s on the internet platforms as well as normal business enterprise, financial, aggressive, political and social uncertainties. As this sort of, visitors are cautioned not to put undue reliance on the forward-searching statements, as no assurance can be furnished as to upcoming benefits, ranges of action or achievements. The forward-hunting statements contained in this news launch are produced as of the date of this news launch and, besides as demanded by applicable regulation, Hunter does not undertake any obligation to publicly update or to revise any of the involved ahead-on the lookout statements, no matter whether as a end result of new information, long run functions or otherwise. The forward-seeking statements contained in this document are expressly capable by this cautionary statement. Buying and selling in the securities of Hunter should really be regarded as hugely speculative. There can be no assurance that Hunter will be capable to realize all or any of its proposed objectives. Make sure you overview Hunter’s SEDAR filings which includes its management discussion and examination out there less than the Company’s profile at www.sedar.com for a far more fulsome discussion of risk variables impacting Hunter.
To view the source version of this push release, remember to check out https://www.newsfilecorp.com/release/78995
