Hathor Exploration Limited

Hathor Exploration Limited

December 20, 2007 13:21 ET

Hathor Commences French Translation of Offering Circular for Northern Continental Resources Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Hathor Exploration Limited ("Hathor") (TSX VENTURE:HAT) announces that its offering circular describing its offer to acquire all of the outstanding common shares of Northern Continental Resources Inc. ("NCR") (TSX VENTURE:NCR) is currently being translated into French and will be mailed to NCR's Quebec shareholders upon completion. Approximately 1.1% of NCR's issued shares are held by residents of Quebec.

On December 10, 2007, NCR filed an application with the British Columbia Securities Commission to hold a hearing with respect to Hathor's offer to acquire all of the issued shares of NCR. NCR alleged certain deficiencies in Hathor's offering circular dated November 16, 2007. Hathor responded in writing to the Commission stating that NCR's allegations were either false, de minimis or not material, and would not affect a reasonable NCR shareholder's ability to make an informed decision relating to Hathor's offer. Hathor also advised the Commission that the French version of the offering circular would be mailed to all NCR shareholders resident in Quebec on or before January 15, 2008. The Commission has now adjourned the hearing.

In order to allow all NCR shareholders sufficient time to properly evaluate Hathor's offer, the offer will be extended for at least 35 days following the mailing of the French language offering circular. A formal notice of extension of the offer will be delivered to all NCR shareholders at the appropriate time.

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
    Stephen G. Stanley
    (604) 684-6707
    (604) 684-9277 (FAX)
    Website: www.hathor.ca