By Devika Patel
Knoxville, Tenn., May 23 - Hathor Exploration Ltd. said it has arranged a C$12 million private placement of stock.
The company will sell 4 million common shares at C$3.00 per share on a bought-deal basis.
The deal is being conducted by a syndicate of underwriters led by Cormark Securities Inc. and including Desjardins Securities Inc, Dundee Securities Corp. and PI Financial Corp. The underwriters have a greenshoe for an additional 1 million shares, or C$3 million.
Proceeds will be for continued exploration and development of the company's mineral deposits and for general working capital purposes.
Hathor is a resource exploration company based in Vancouver, B.C.
| Issuer: | Hathor Exploration Ltd.
|
| Issue: | Common shares
|
| Amount: | C$12 million
|
| Greenshoe: | 1 million shares, or C$3 million
|
| Shares: | 4 million
|
| Price: | C$3.00
|
| Warrants: | No
|
| Underwriters: | Cormark Securities Inc. (lead), Desjardins Securities Inc, Dundee Securities Corp., PI Financial Corp.
|
| Pricing date: | May 23
|
| Stock symbol: | TSX Venture: HAT
|
| Stock price: | C$3.05 at close May 22
|
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