Hathor Exploration: $6,000,000 brokered private placement

Hathor Exploration reports it has negotiated a brokered private placement with a syndicate of brokers led by Salman Partners.

The Agents will receive a cash commission on the sale of the FT Shares representing 5.5% of the gross proceeds. The Company will also issue share purchase warrants to the Agents on closing (the “Agents’ Warrants”) entitling the Agents to purchase additional common shares equal in number to 5.5% of the aggregate number of FT Shares sold, including the Over-Allotment Option. The Agents’ Warrants will entitle the Agents to purchase common shares at the price of $3.10 per common share for a period of 24 months following the closing.

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