West Face Capital Inc.

November 14, 2011 15:01 ET

West Face Capital Inc. Announces Interest in Hathor Exploration Limited

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2011) - West Face Capital Inc. ("WFCI"), announced that since October 20, 2011 it has acquired in the Canadian public markets 1.7 million common shares of Hathor Exploration Limited (the "Issuer") on behalf of West Face Long Term Opportunities Global Master L.P. ("GMLP"), a fund managed by WFCI. As a result, GMLP owns and WFCI controls 9.2 million common shares of the Issuer, representing approximately 7.18% of the outstanding common shares of the Issuer (based on 128,079,232 total outstanding common shares on October 21, 2011, as disclosed in the Issuer's directors' circular dated October 25, 2011).

All of the above common shares were acquired since August 30, 2011, the date on which Cameco Corporation commenced its bid for all of the issued and outstanding common shares of the Issuer.

The securities of the Issuer were acquired for investment purposes. Depending on market and other conditions, WFCI and GMLP may in the future acquire or dispose of the common shares or other securities of the Issuer or related financial instruments in the open market or in privately negotiated purchases or otherwise, in each case to the extent then permitted by applicable law and regulation.

West Face Capital Inc. is a Canadian-based investment management firm with assets under management of over $2.2 billion.

Contact Information

  • West Face Capital Inc.
    Alexander A. Singh
    Counsel & Secretary
    (647) 724-8900