By Devika Patel
Knoxville, Tenn., March 8 - Hathor Exploration Ltd. said it will raise C$10.2 million in a private placement of stock via a syndicate of underwriters led by Canaccord Financial Ltd. and Salman Partners Inc. and including Dundee Securities Corp., Raymond James Ltd. and Mackie Research Capital Corp.
The company will sell 4.25 million flow-through shares at C$2.40 per share on a bought-deal basis.
There is a C$4.8 million greenshoe.
Settlement is expected March 18.
Proceeds will be used for exploration.
Hathor is a resource exploration company based in Vancouver, B.C.
| Issuer: | Hathor Exploration Ltd.
|
| Issue: | Flow-through stock
|
| Amount: | C$10.2 million
|
| Greenshoe: | C$4.8 million
|
| Shares: | 4.25 million
|
| Price: | C$2.40
|
| Warrants: | No
|
| Agent: | Canaccord Financial Ltd. and Salman Partners Inc. (leads), Dundee Securities Corp., Raymond James Ltd. and Mackie Research Capital Corp.
|
| Pricing date: | March 8
|
| Settlement date: | March 18
|
| Stock symbol: | TSX Venture: HAT
|
| Stock price: | C$2.11 at close March 5
|
| Market capitalization: | C$205 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
