RE:RE:HelloThe net proceeds from the Private Placement will be used for expenses associated with due diligence and legal expenses investigating several new projects, general working capital and repayment of debt.
Read more at https://www.stockhouse.com/news/press-releases/2017/11/28/united-hunter-oil-and-gas-corp-announces-a-non-brokered-private-placement#RyCmGvhkAVJw6OiV.99
they were not saying its for exploring, just for new project. :)