Hathor to raise C$12m for uranium exploration

Mining Weekly reports Hathor Exploration(TSXV:HAT) is raising C$12 million in equity.

The market news is quoted as saying:

TSX-listed Hathor will sell four-million shares for C$3,00 apiece in the flow-through financing, the proceeds of which it will use to drill its Athabasca uranium properties.

Last week, the company announced a doubling of resources at the Roughrider deposit in the Saskatchewan to 57-million pounds, through the addition of the 30-million-pound East Zone, grading at 11,59% uranium oxide.

Last month, TSX-listed Hathor agreed to buy Terra Ventures, which owns properties near Roughrider as well as a 10% stake in portions of the project, for about C$24-million in shares.

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