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.
Cheers,
Natasha Dutra, Office Manager
Hathor Exploration Limited
Suite 1910 - 925 West Georgia St.
Vancouver, BC V6C 3L2
T 604-684-6707
F 604-684-9277
www.hathor.ca