{"id":406841,"date":"2020-12-31T08:03:27","date_gmt":"2020-12-31T13:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406841"},"modified":"2020-12-31T08:03:27","modified_gmt":"2020-12-31T13:03:27","slug":"news-release-hunter-technology-closes-finfabrik-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/news-release-hunter-technology-closes-finfabrik-acquisition\/","title":{"rendered":"NEWS RELEASE &#8211; HUNTER TECHNOLOGY CLOSES FINFABRIK ACQUISITION"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">VANCOUVER, British Columbia, Dec.  31, 2020  (GLOBE NEWSWIRE) &#8212; Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (\u201c<strong>Hunter<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) is pleased to announce that it has closed the acquisition of FinFabrik Limited (\u201c<strong>FinFabrik<\/strong>\u201d).<\/p>\n<p align=\"justify\">Hunter has acquired 100% of the issued and outstanding shares of FinFabrik in exchange for 12,110,203 common shares of Hunter (the \u201c<strong>Shares<\/strong>\u201d) at a deemed price of USD $0.90 per Share and the payment of USD $250,000 in cash, for total consideration of USD $11,149,182. The Shares issued to the former shareholders of Finfabrik are subject to statutory holds periods as well as a contractual hold period of up to one year. For additional information regarding FinFabrik or the transaction, please see Hunter\u2019s news release dated December 14, 2020, which is available on SEDAR at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wLTX9HOxVD2Gz3trZ5MaQi7anYgNZX_lraLZL0nHsXoi6JJAJAp6qJ7mk9TJrBV6jO3Qq_qLVkTy9z1RppKugQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.SEDAR.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Hunter Technology Corp. <\/strong><br \/>\n        <br \/>Hunter Technology Corp. is an oil industry service provider developing interactive platforms to enable the facilitation of physical oil transactions throughout the trade lifecycle, with more favourable economics for producers and access to a fair market for all. Through oilex.com Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers.\u00a0 And through oilexchange.com, Hunter will offer robust supply chain management tools that track physical oil throughout the supply chain and automate the reporting process.<\/p>\n<p>\n        <strong>ON BEHALF OF THE BOARD OF DIRECTORS<br \/><\/strong>Andrew Hromyk<br \/>Chief Executive Officer<br \/> (888) 977-0970<\/p>\n<p>\n        <strong>For further information, visit our <\/strong><br \/>\n        <strong>website at <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3GUtPbDlDmvyGR5EXDQPOfztr8GsQCQdcpQ20ZSyDzvad6FztDQ0Yyr9RF4H8mB0Qq49cISfPM6vB-I4am7MRgVHVRVw01XskAvluH6ZqqM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>www.huntertechnology.com<\/u><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <br \/> NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Information.<\/strong><br \/>\n        <br \/>\n        <em>This news release contains certain statements which may constitute forward-looking statements or information (collectively, &#8220;forward-looking statements&#8221;) regarding Hunter\u2019s business development plans. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Hunter&#8217;s control, including execution risk, market risk, industry risk, market reaction, the impact of general economic conditions and competition from other industry participants, stock market volatility, the ability to access sufficient capital from internal and external sources, and the receipt of final TSX Venture Exchange approval of the acquisition of FinFabrik. \u00a0Although Hunter believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate.\u00a0 Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Hunter does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Hunter should be considered highly speculative. There can be no assurance that Hunter will be able to achieve all or any of its proposed objectives. Please review Hunter\u2019s Filing Statement dated October 21, 2020 and filed under the Company&#8217;s SEDAR<\/em><br \/>\n        <em>profile at\u00a0<\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=beAglErCGJrZYlFKYJlQbUQi5ztlXBLgOq54VEl8MjX8X8fPmqicRTpbfkAtYMnJRjncmIyODpo0SMw8K-IfU8abqNXR5aYs3WuatkDKApQpBaqETPNrjDWfFKxW3OvbLInOeWLZUqVzsPAu228SHylE6b5XvoC4siumtBAmtMl6uSx19IrzwazKHZnmwXhe\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <em>www.sedar.com<\/em><br \/>\n        <\/a><br \/>\n        <em> for a more fulsome discussion of risk factors affecting Hunter<\/em><br \/>\n        <em>.<\/em>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExOTE1MSMzOTAwNjM3IzUwMDA0OTYwMA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/07071395-887a-4635-a561-3e85f10f9df5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, Dec. 31, 2020 (GLOBE NEWSWIRE) &#8212; Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (\u201cHunter\u201d or the \u201cCompany\u201d) is pleased to announce that it has closed the acquisition of FinFabrik Limited (\u201cFinFabrik\u201d). Hunter has acquired 100% of the issued and outstanding shares of FinFabrik in exchange for 12,110,203 common shares of Hunter (the \u201cShares\u201d) at a deemed price of USD $0.90 per Share and the payment of USD $250,000 in cash, for total consideration of USD $11,149,182. The Shares issued to the former shareholders of Finfabrik are subject to statutory holds periods as well as a contractual hold period of up to one year. For additional information regarding FinFabrik or the transaction, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/news-release-hunter-technology-closes-finfabrik-acquisition\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NEWS RELEASE &#8211; HUNTER TECHNOLOGY CLOSES FINFABRIK ACQUISITION&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406841","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NEWS RELEASE - HUNTER TECHNOLOGY CLOSES FINFABRIK ACQUISITION - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/news-release-hunter-technology-closes-finfabrik-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEWS RELEASE - HUNTER TECHNOLOGY CLOSES FINFABRIK ACQUISITION - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Dec. 31, 2020 (GLOBE NEWSWIRE) &#8212; Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (\u201cHunter\u201d or the \u201cCompany\u201d) is pleased to announce that it has closed the acquisition of FinFabrik Limited (\u201cFinFabrik\u201d). Hunter has acquired 100% of the issued and outstanding shares of FinFabrik in exchange for 12,110,203 common shares of Hunter (the \u201cShares\u201d) at a deemed price of USD $0.90 per Share and the payment of USD $250,000 in cash, for total consideration of USD $11,149,182. The Shares issued to the former shareholders of Finfabrik are subject to statutory holds periods as well as a contractual hold period of up to one year. For additional information regarding FinFabrik or the transaction, &hellip; Continue reading &quot;NEWS RELEASE &#8211; HUNTER TECHNOLOGY CLOSES FINFABRIK ACQUISITION&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/news-release-hunter-technology-closes-finfabrik-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-31T13:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExOTE1MSMzOTAwNjM3IzUwMDA0OTYwMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/news-release-hunter-technology-closes-finfabrik-acquisition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/news-release-hunter-technology-closes-finfabrik-acquisition\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NEWS RELEASE &#8211; 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(TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (\u201cHunter\u201d or the \u201cCompany\u201d) is pleased to announce that it has closed the acquisition of FinFabrik Limited (\u201cFinFabrik\u201d). Hunter has acquired 100% of the issued and outstanding shares of FinFabrik in exchange for 12,110,203 common shares of Hunter (the \u201cShares\u201d) at a deemed price of USD $0.90 per Share and the payment of USD $250,000 in cash, for total consideration of USD $11,149,182. The Shares issued to the former shareholders of Finfabrik are subject to statutory holds periods as well as a contractual hold period of up to one year. 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