REDUCTION OF CAPITAL AND RETURN OF CAPITAL
Hunter Oil announced that it will pay a return of capital distribution (the “Distribution”) of CAD $1.64 (approximately USD $1.25) per common share of the Company (“Share”) to all shareholders of record.
Shareholders do not need to surrender or exchange shares of the Company, to take any other action in order to receive their pro rata payment of the Cash Balance.
Eligible Shareholders are strongly recommended to consult with their financial, broker, legal, tax and/or investment advisors regarding any matters pertaining to the Distribution and the possible associated tax consequences.
MECHANICS OF THE REDUCTION OF CAPITAL AND RETURN OF CAPITAL
The Company will pay the Distribution to all Registered Shareholders of record as at the close of business on September 11, 2018.
Distribution funds unclaimed by the Registered Shareholders 24 months from the record date will be retained by the Company and the Registered Shareholder’s right to receive their portion of the Distribution shall terminate.
Computershare Investor Services Inc., the Company’s transfer agent, will pay the Distribution to the Unregistered Shareholders through depositories, CDS & Co. and CEDE & Co. The brokerage accounts of Unregistered Shareholders who hold their Shares through intermediaries will be automatically updated to reflect the Distribution on or after the Payment Date.
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. A due bill will notionally represent the Distribution of CAD $1.64 per Share which a holder of a Share is entitled to receive. A due bill will attach to each Share traded from the first trading day before the record date for the Distribution until September 18, 2018 (the “Payment Date”), being the date the Distribution is paid. The due bill period for the Distribution will be September 10, 2018 to September 18, 2018. Anyone acquiring a Share through an intermediary from September 10, 2018 up to and including September 18, 2018 will be entitled to receive the Distribution.
The Shares will commence trading on an ex-distribution basis (without an attached “due bill” entitlement) effective from the opening of trading on September 19, 2018, the next trading day following the Payment Date. The due bill redemption date will be September 20, 2018 (the second trading day after the ex-distribution date), when all trades with due bills attached have settled.
If you’re an Unregistered Shareholder (your shares are retained by a stock broker) and you have any questions, please contact your Investment Advisor.
NOTICE TO SHAREHOLDERS
TSX Venture Exchange: HOC
OTCQB Marketplace: HOILF
Frankfurt Exchange: RWPN
Shares Outstanding: 13,260,871
HUNTER OIL CORP.
Computershare Trust Company
Dale Matheson Carr-Hilton LaBonte LLP
For further details, please see the Information Circular of the Company’s Annual General and Special Meeting held on August 30, 2018