Hole 116: 2.5 Metres Grading 70.34% U3O8             Hole 94: 5.5 Metres Grading 12.62% U3O8             Hole 80: 18.5 Metres Grading 3.43% U3O8             Hole 79: 12 Metres Grading 10.18% U3O8             Hole 12: 11.9 metres grading 5.29% U3O8             Hole 19: 2.1 metres grading 4.11% U3O8             Hole 20: 15 metres grading 10.02% U3O8 including 2 metres grading 43.85% U3O8             Hole 21: 9 metres grading 10.06% U3O8 including 3 metres grading 22.72% U3O8             Hole 22: 6.5 metres grading 2.27% U3O8             Hole 28: 9.5 metres grading 2.60% U3O8 including 2 metres at 10.39% U3O8             Hole 30: 69 metres grading 2.33% U3O8             Hole 32: 6.5 metres grading 20.41% U3O8             Hole 37: 18 metres grading 4.15% U3O8             Hole 40: 23 metres grading 11.23% U3O8             Hole 42: 3.5 metres grading 5.92% U3O8             Hole 44: 13.5m grading 2.6% U3O8             Hole 56: 15 metres grading 12.03% U3O8 including 0.5 metres grading 70.7% U3O8             Hole 79: 12 Metres Grading 10.18% U3O8             Hole 80: 18.5 Metres Grading 3.43% U3O8             Hole 94: 5.5 Metres Grading 12.62% U3O8             Hole 116: 2.5 Metres Grading 70.34% U3O8
News
News Releases
2010 News 2009 News 2008 News 2007 News 2006 News 2005 News
Email 'Early Expiry of $2.00 Warrants Working Capital Ris...' to a friendShow printable version of 'Early Expiry of $2.00 Warrants Working Capital Ris...' in a New Window
 October 16, 2008
Early Expiry of $2.00 Warrants Working Capital Rises to $30 million
 Hathor Exploration Limited (TSX-V: HAT) announces that the term of its C$2.00 warrants expired yesterday. Hathor elected to trigger the accelerated expiry feature on September 10, 2008. Of the 5,336,478 warrants that were issued, 3,494,481 were exercised for cash proceeds of nearly C$7 million. As at October 15, 2008, Hathor had working capital of $30 million and shares issued totalling 82,674,926. Following this early expiry of warrants, Hathor now has only 300,000 warrants outstanding, exercisable at $3.00 per share until June 12, 2010.

With capital resources of $30 million, Hathor continues to aggressively advance its portfolio of Athabasca region uranium exploration projects. This area accounts for approximately 23 per cent of the world's annual mine production of uranium. All of this production comes from unconformity-style uranium ore deposits - the highest-grade uranium ore deposits in the world.


For more information on Hathor, please visit the company's website: www.hathor.ca or contact Stephen Stanley at 604-684-6707 or Tony Nunziata at 403-560-7040.

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.
 
 

You can view the Next News Releases item: Tue Nov 4, 2008, Hathor Drills 23 Metres of 11% U3O8 at Midwest NorthEast Property

You can view the Previous News Releases item: Thu Oct 2, 2008, Hathor Drills 46 Metres Grading 3.25% U3O8 at Midwest NorthEast Property

You can return to the main News Releases page, or press the Back button on your browser.