Bought-deal flow-through shares to fund exploration on Athabasca
By Devika Patel
Knoxville, Tenn., May 27 - Hathor Exploration Ltd. said it increased a private placement of stock to C$13 million. The offering priced for C$12 million on May 26.
The company will now sell 4,334,000 flow-through common shares at C$3.00 per share on a bought-deal basis. The price per flow-through share is a 13.64% premium to the May 26 closing share price of C$2.64.
The deal is being conducted by a syndicate of underwriters led by Canaccord Financial Ltd. and including Dundee Securities Corp., Raymond James Ltd. and Salman Partners Inc.
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$13,002,000
|
| Shares: | 4,334,000
|
| 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
|
| Upsized: | May 27
|
| 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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