CANADIAN GOLD HUNTER PRIVATE PLACEMENT INCREASED
June 25, 2008 (CGH ? TSX)? Canadian Gold Hunter
Corp. (the ?Company?) reports that it has increased the private placement
announced on June 24, 2008. The Company will now sell, on a non-brokered,
private placement basis, up to 565,500 Flow-Through Common Shares at a price of
Cdn $2.30 per Flow-Through Share and up to 3,500,000 Common Shares (Non
Flow-Through) at a price of Cdn $2.00 per Common Share for total gross proceeds
of up to Cdn $8,300,650.
The private placement is subject to regulatory
approval. A 4% finders' fee may be payable on a portion of the private
The gross proceeds of the Flow-Through Shares shall be
used for the exploration of the Company's Canadian exploration projects. The
Company will use its best efforts to ensure that the exploration expenditures
qualify for the investment expenditure credits for purposes of the Income Tax
The gross proceeds of the Common Shares (Non Flow-Through) will be used for
general working capital purposes.
ON BEHALF OF THE BOARD
?Richard J. Bailes?
For further information, please contact:
Sophia Shane, Corporate Development