Hathor Exploration Limited

Hathor Exploration Limited

November 10, 2009 19:16 ET

Hathor Announces NCR Shareholders Approve Arrangement With Hathor

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Nov. 10, 2009) - Hathor Exploration Limited (HAT - TSX.V) ("Hathor") is pleased to announce that, further to its press releases dated July 15, 2009 and September 18, 2009, at the special meeting of Northern Continental Resources Inc. ("NCR") shareholders held earlier today in Vancouver, British Columbia, the shareholders of NCR voted by special resolution to approve the proposed plan of arrangement with Hathor. In total, 99.72% of the NCR shareholders who voted at today's special meeting voted to approve the transaction. Under the terms of the arrangement agreement, Hathor will acquire all of the issued and outstanding shares of NCR, with NCR shareholders receiving 0.1389 of a common share of Hathor for each issued and outstanding common share of NCR currently held.

The completion of the transaction is subject to receipt of final court approval and final approval of the TSX Venture Exchange. Assuming receipt of court approval is obtained, and that all other conditions to the completion of the transaction are satisfied or waived, including the final approval of the TSX Venture Exchange, the proposed plan of arrangement is expected to become effective on or about November 20, 2009.

Hathor Exploration Limited

Stephen G. Stanley, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Hathor Exploration Limited
    Tony Nunziata
    Hathor Exploration Limited
    JJ Jennex