Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
ALBERTA SECURITIES COMMISSION Suite 600, 250 - 5th Street SW Calgary, Alberta T2P 0R4 Attention: Executive Director | BRITISH COLUMBIA SECURITIES COMMISSION P.O. Box 10142 Pacific Centre, 701 West Georgia Street Vancouver, British Columbia V7Y 1L2 Attention: Executive Director | |
ONTARIO SECURITIES COMMISSION Suite 1903, Box 5520 Queen Street West Toronto, Ontario M5H 3S8 Attention: Executive Director | SASKATCHEWAN FINANCIAL SERVICES COMMISSION 6th Floor, 1919 Saskatchewan Drive Regina, Saskatchewan S4P 3V7 Attention: Executive Director | |
THE MANITOBA SECURITIES COMMISSION 500 - 400 St. Mary Avenue Winnipeg, Manitoba R3C 4K5 Attention: Executive Director | NEW BRUNSWICK SECURITIES COMMISSION 133 Prince William Street, Suite 606 Saint John, New Brunswick E2L 2B5 Attention: Executive Director | |
NOVA SCOTIA SECURITIES COMMISSION Suite 400, 5251 Duke Street Halifax, Nova Scotia B3J 1P3 Attention: Executive Director | PRINCE EDWARD ISLAND SECURITIES OFFICE 95 Rochford Street, PO Box 2000 Charlottetown, Prince Edward Island C1A 7N8 Attention: Executive Director | |
TSX VENTURE EXCHANGE INC. 10th Floor, 300 - 5th Avenue SW Calgary, Alberta T2P 3C4 | SECURITIES COMMISSION OF NEWFOUNDLAND AND LABRADOR P.O. Box 8700, 2nd Floor, West Block Confederation Building St. John's, Newfoundland and Labrador A1B 4J6 Attention: Executive Director | |
Dear Sirs:
Re: HUNT MINING CORP. (the "Corporation") - Material Change Report
This letter is intended as a statement setting forth certain matters that may be a material change in the affairs of the Corporation. For convenience, this letter is itemized in the same manner as Form 51-102F3 of National Instrument 51-102. Concurrent with this filing, this letter is being filed with the TSX Venture Exchange, being the only exchange on which the Corporation's shares are currently listed.
1. Reporting Issuer:
Hunt Mining Corp.
Suite 1810, 1111 West Georgia Street
Vancouver, British Columbia V6E 4M3
2. Date of Material Change:
June 11, 2015
3. News Release:
The Corporation issued a news release on or about June 11, 2015 through the facilities of
Marketwired, a copy of which has also been filed on SEDAR.
4. Summary of Material Change:
The Corporation announced a share rollback and private placement.
5. Full Description of Material Change:
Please refer to the press release attached hereto as Schedule “A”.
6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102:
Not applicable.
7. Omitted Information:
No significant facts have been omitted by the report.
8. Executive Officer:
The following senior officer of the Corporation is knowledgeable about the material changes and the Report and may be contacted by the Commission as follows:
Bob Little - Chief Financial Officer: (509) 290-5659
Dated at Liberty Lake, Washington, this 11th day of June, 2015.
HUNT MINING CORP. | |
Per: (Signed) "Bob Little” | |
Bob Little, Chief Financial Officer |
IT IS AN OFFENCE UNDER THE SECURITIES ACT AND THE SECURITIES REGULATION FOR A PERSON OR COMPANY TO MAKE A STATEMENT IN A DOCUMENT REQUIRED TO BE FILED OR FURNISHED UNDER THE ACT OR THE REGULATION THAT, AT THE TIME AND IN THE LIGHT OF THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.
SCHEDULE “A”
Plans 1:10 Share Rollback and Private Placement
LIBERTY LAKE, WASHINGTON--(Marketwired - June 11, 2015) - Hunt Mining Corp. ("Hunt" or the "Corporation") (TSX VENTURE:HMX) is pleased to announce the board of directors is proposing to consolidate the Corporation's issued and outstanding common shares on the basis of one new common share for every ten old common shares outstanding or on the basis of such lesser consolidation ratio as may be approved by the board of directors and accepted by the TSX Venture Exchange. The consolidation will increase the Corporation's flexibility and competitiveness in the marketplace, and make the Corporation's securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for the common shares.
The proposed one-new-share-for-ten-old-share consolidation would result in the number of issued and outstanding common shares of the Corporation being reduced from 146,494,823 common shares without par value to 14,649,482 common shares without par value. The effective date of the share consolidation will occur immediately after exchange approval.
Private Placement
The Corporation has arranged a non-brokered private placement offering for new capital. The non-brokered private placement intends to raise maximum aggregate gross proceeds of up to $1,125,000. It is expected the majority of the proceeds will be subscribed for by related parties to the corporation; however, the private placement is being offered to all current shareholders who had expressed an interest. The private placement is not expected to result in the creation of any new control persons or a change of control. The non-brokered private placement will consist of up to 15,000,000 million units at $0.075 cents per unit, (on a post-consolidated basis) consisting of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.125 cents, exercisable for a period of five years from closing. The proceeds will be used to fund existing exploration activities in Santa Cruz, Argentina and for general working capital purposes. All securities issued under the private placement will be subject to a four month hold period from the day of closing.
About Hunt Mining
Hunt Mining Corp. 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 64,000 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, beyond the historical work previous to the same properties. This, and additional information can be viewed at www.huntmining.com.
For more information contact:
Bob Little
Chief Financial Officer
(509) 290 5659
blittle@huntmining.com
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 Corporation 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 forwardlooking 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 Corporation'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 forwardlooking 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 Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.