Bought-deal flow-through shares to fund exploration on Athabasca
By Jennifer Chiou
New York, May 26 - Hathor Exploration Ltd. said it will raise C$12 million in a private placement of stock via a syndicate of underwriters led by Canaccord Financial Ltd. and including Dundee Securities Corp., Raymond James Ltd. and Salman Partners Inc.
The company will sell 4 million flow-through shares at C$3.00 per share on a bought-deal basis. The offer price is a 13.64% premium to the closing share price on May 26.
Settlement is expected on June 14.
Proceeds will be used to conduct exploration activities on the company's Athabasca Basin uranium projects.
Hathor is a resource exploration company based in Vancouver, B.C.
| Issuer: | Hathor Exploration Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$12 million
|
| Shares: | 4 million
|
| Price: | C$3.00
|
| Warrants: | No
|
| Agents: | Canaccord Financial Ltd. (lead), Dundee Securities Corp., Raymond James Ltd. and Salman Partners Inc.
|
| Pricing date: | May 26
|
| Settlement date: | June 14
|
| Stock symbol: | TSX Venture: HAT
|
| Stock price: | C$2.64 at close May 26
|
| Market capitalization: | C$286.86 million
|
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