CSH signs Letter Of Intent with Cannabis License applicant MARIGROW Inc.

Canadian Silver Hunter Enters into Non-Binding Letter of Intent
to Complete Acquisition of Cannabis License Applicant,
and Establishes Special Committee

TORONTO, ON, July 9, 2018– Canadian Silver Hunter Inc. (the “Company”) (TSX VENTURE: AGH) is pleased to announce that it has entered into a non-binding letter of intent dated July 6, 2018 (the “LOI”) with a privately held company MariGrow Inc. (“MariGrow”). MariGrow has submitted its application and is currently engaged in the process to become a licensed producer of cannabis and cannabis products under the Access to Cannabis for Medical Purposes Regulations(“ACMPR”). The LOI outlines the general terms and conditions of a proposed transaction (the “Proposed Transaction”) pursuant to which the Company would acquire, by way of share exchange or other transaction, all of the issued and outstanding securities of MariGrow in exchange for securities of the Company, and the Company would continue on with the business of MariGrow.

The Proposed Transaction is subject to, among other things: the Company being satisfied with its due diligence review of MariGrow; the receipt of all necessary consents, approvals and authorizations including any applicable shareholder and stock exchange approvals; and the parties negotiating and entering into definitive binding agreements in respect of the Proposed Transaction. If the parties determine to proceed with the Proposed Transaction, the Company would seek shareholder and TSX Venture Exchange (“TSXV”) approval to delist from the TSXV, and apply to list its common shares on the Canadian Securities Exchange.

Prior to the completion of the Proposed Transaction, the Company would be required to call a meeting of its shareholders, and would seek the shareholder approval of the following, potentially among other matters: (i) the Proposed Transaction, if required under applicable law; (ii) a change of name of the Company to a name to be determined by MariGrow and acceptable to regulatory authorities; (iii) the election of nominees of MariGrow to the board of directors of the Company; and (iv) a delisting from the TSX Venture Exchange (which would require approval by the minority shareholders of the Company pursuant to the policies of the TSXV).

About MariGrow

MariGrow Inc. is a privately held ACMPR applicant stage company seeking to be a cultivator and seller of high quality, affordable, condition specific varieties of custom grown and cured medical and recreational cannabis and cannabis products. MariGrow’s initial facility is an existing 32,000 square foot building that sits on just under 5 acres of land in a major industrial park in southern Ontario, and is serviced by road, rail and water access.

Special Committee

In order to review the merits of the Proposed Transaction, the Company has established a special committee (the “Committee”) of independent directors comprised of Tim Towers and Robert Gordon. The Company has requested that trading of its common shares be halted while the Committee reviews and considers the Proposed Transaction.

The Company also announces that is has granted to the members of the Committee, in accordance with the terms of the Company’s stock option plan, options to acquire an aggregate of 300,000 common shares of the Company exercisable at a price of $0.05 per common share until July 6, 2023.

Cautionary Statements

Neither the 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.

Canadian Silver Hunter Updates Progress, Positive Borehole Geophysics Results

TORONTO, ONTARIO – December 15, 2017 Canadian Silver Hunter Inc. (Canadian Silver Hunter” or the “Company”) (TSXV-AGH) is pleased to announce that positive results have been released from a borehole geophysics program on the Keeley-Frontier property, by First Cobalt Corp. An electromagnetic program successfully identified a geophysical signature associated with vein-style mineralization intersected in recent drilling as well as an off-hole anomaly, providing a new exploration tool for the Cobalt camp.


  • In-hole and off-hole electromagnetic-anomalous responses corresponding to veining have been encountered at the Woods vein extension and near the Keeley mine.
  • Off-hole anomalous results will be targeted for follow-up in the winter drill program.
  • Final data interpretation is nearly complete and results are being incorporated into the planning for January, 2018, drilling.

Three areas were targeted for surveying: the area known as the Woods vein extension, the Frontier No. 1 vein and an area near the Keeley mine. The Woods vein extension area was previously believed to be barren but, based on new mapping and drilling, may be the extension of the Woods-Watson vein system that accounted for over 80 per cent of the historic production in the Cobalt South region of the Cobalt camp.

Results of the program were positive, with both in-hole and off-hole electromagnetic anomalous responses encountered.

Five holes were surveyed near the Keeley mine and three at the Woods vein extension, to the north of the Frontier mine. Three holes with known cobalt veining provided an in-hole EM response consistent with drill core logging and assay results, confirming the ability of EM to detect a geophysical signature for cobalt veins.

More significantly, surveying in one hole near the Keeley mine detected an off-hole response, indicating a potential extension of the veining recorded in the hole. Two holes drilled along the Frontier No. 1 vein were also surveyed to detect off-hole anomalies, but did not encounter any EM responses.

Next steps

EM surveying has not been used extensively in the Cobalt camp despite cobalt and silver minerals being excellent conductors. The pulse EM method which is being used is well suited for this setting.

Ground-based EM system testing will commence shortly to determine if the cobalt veins encountered by drilling can be detected from surface. An expanded ground EM survey over the Woods extension area is also being considered. If the results from the borehole program can be replicated from surface, EM surveys could have a camp-wide application as a prospecting and drill-hole-targeting tool.

The off-hole anomaly detected near Keeley will be targeted during the winter drilling program starting in January.

Crone Geophysics, based in Mississauga, Ont., has been contracted to conduct the surveys. Crone Geophysics develops high-quality instruments and has provided leading-edge surveying and consulting since 1962.

Qualified and competent person statement

Dr. Frank Santaguida, PGeo, is the qualified person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is employed on a full-time basis as vice-president, exploration, for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a competent person as defined in the JORC Code.

About Canadian Silver Hunter Inc.

Canadian Silver Hunter Inc. is a Canadian exploration company focused on the exploration of silver-cobalt deposits on its 100% owned flagship Keeley Frontier Project. For more information please visit the Canadian Silver Hunter Inc. website at www.canadiansilverhunter.ca.

Shareholders of Canadian Silver Hunter Inc. are reminded to view the filings of First Cobalt Corp. (TSXV:  FCC) on www.sedar.com for further information regarding the activity of First Cobalt Corp. with respect to the Keeley Frontier project.

CAUTIONARY STATEMENT: 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. We seek safe Harbor.

Canadian Silver Hunter Inc.

Jeffrey Hunter

President & CEO

(416) 707 4230