By Devika Patel
Knoxville, Tenn., March 22 - Hathor Exploration Ltd. said it settled an oversubscribed C$15 million 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 deal priced for C$10.2 million with a C$4.8 million greenshoe on March 8.
The company sold 6.25 million flow-through shares at C$2.40 per share on a bought-deal basis. Of the shares, 2 million were part of the fully exercised greenshoe.
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$15 million (including C$4.8 million greenshoe)
|
| Shares: | 6.25 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 22
|
| Stock symbol: | TSX Venture: HAT
|
| Stock price: | C$2.11 at close March 5
|
| Market capitalization: | C$210 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.
