Friday, October 06, 2017 8:18:54 AM
SALE OF THE COMPANY'S MOLYBDENUM INTERESTS:
The Company announced on November 14, 2008 the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.
The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp., to the Purchaser.
This transaction will be completed by late January 2009.
As announced on August 15, 2008, the Company announced that it intends to distribute all of the proceeds from the sale of American Molygold Corp. to its stockholders; upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock.
Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.
Hunt Gold Corporation intends to focus exclusively on the Exploration and Mining of its existing Gold properties. The Company does not need to place any shares for cash, nor does it need to retain any of the proceeds from the sale of American Molygold Corp.; as it is funding the exploration of its Gold Mining interests through traditional Bank Mortgage Finance.
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