Hathor Reports Bought Deal Flow-Through Financing Closes

- March 22nd, 2010

Hathor Exploration Limited reports it has closed an over-subscribed underwritten bought deal private placement.
A total of 6,250,000 flow-through shares of the Company (the “Flow-Through Shares”) were sold at a price of CDN$2.40 to raise CDN$15,000,000, on a bought deal private placement basis (the “Offering”).
The Underwriters received a cash commission on the sale of the Flow-Through Shares representing […]

Hathor Exploration Limited reports it has closed an over-subscribed underwritten bought deal private placement.

A total of 6,250,000 flow-through shares of the Company (the “Flow-Through Shares”) were sold at a price of CDN$2.40 to raise CDN$15,000,000, on a bought deal private placement basis (the “Offering”).

The Underwriters received a cash commission on the sale of the Flow-Through Shares representing 5.5% of the gross proceeds raised, and 343,749 broker warrants (“Broker Warrants”). Each Broker Warrant shall be exercisable for one common share of the Company at a price of CDN$3.00 at any time up to 24 months after closing.

For complete press release, click here.

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