Thursday, May 28, 2009
Hathor Exploration Limited Announces Increase in Size of Bought Deal Flow-Through Share Financing to $12 Million

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C., May 28, 2009: Stephen G. Stanley, the President of Hathor Exploration Limited (HAT: TSX-V, the "Company"), is pleased to announce that it has amended the agreement announced earlier today with a syndicate of underwriters led by Salman Partners Inc. ("Salman Partners") and including Canaccord Capital Corp., Cormark Securities Inc., Dundee Securities Corp., Raymond James Ltd. and Research Capital Corp. (collectively, the "Underwriters") such that the Underwriters have agreed to purchase, via a bought deal private placement, a total of $12 million worth of flow-through common shares (the "FT Shares") of the Company (increased from the previous offering amount of $10 million, including the Underwriters' option). All other terms and conditions of the Offering will remain the same, except that the Underwriters' option to purchase additional FT Shares is no longer applicable.

The proceeds of the Offering will be used to fund further exploration of the Company's Midwest Northeast uranium property, Saskatchewan, and other exploration properties. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available..

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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

You can also view this News Release on our website at:
http://www.hathor.ca/s/NewsReleases.asp?ReportID=350484

Home | Corporate | Projects | Investors | News | Contact | Forward | Subscribe |