/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, May 27, 2011 /CNW/ - Hathor Exploration Limited (TSX:HAT) ("Hathor" or the "Company") is pleased to announce that, in response to the interest in its previously announced private placement flow-through common share offering on May 26, 2011 (the "Brokered Offering") led by Canaccord Genuity Corp., and including Dundee Securities Ltd., Raymond James Ltd. and Salman Partners (the "Underwriters"), the Brokered Offering has been increased from $12,000,000 to $13,002,000.
The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Athabasca Basin uranium projects.
Closing of the Offering is anticipated to occur on or before June 14, 2011 and is subject to receipt of applicable regulatory approvals including approval of the TSX.
The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
Dr. Michael H. Gunning, President & CEO
Hathor Exploration Limited
