Hathor Exploration Limited

Hathor Exploration Limited

March 24, 2006 14:55 ET

Hathor Increases Financing to $6.3 Million

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 24, 2006) - Hathor Exploration Limited (TSX VENTURE:HAT) (the "Company") is pleased to announce that it has increased its previously announced non-brokered private placement from $5.3 million up to $6.3 million. The Company will be increasing the non flow-through portion of the financing from 2 million units up to 2.8 million units. The private placement will now consist of 2 million flow-through shares at $1.40 per share and 2.8 million non flow-through units at $1.25 per unit, each unit will consist of one share and one half of a share purchase warrant with each whole warrant exercisable at $1.40 for one year.

The net proceeds of this financing will be used for the exploration and development of the Company's projects and general working capital.

The Company will pay a finder's fee, in shares, in connection with this financing and in accordance with TSX Venture Exchange policy.

The transaction is subject to acceptance by the TSX Venture Exchange.


Stephen G. Stanley, President

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
    Mr. Stephen G. Stanley
    (604) 684-6707
    (604) 684-9277 (FAX)