WebBroker Select Company News Alert

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Hathor Exploration Limited Announces $12 Million Bought Deal Equity
Financing 

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 23, 2008) - 


NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
DESCRIBED HEREIN.


Hathor Exploration Limited (TSX VENTURE:HAT) (the "Company") is pleased
to announce that it has entered into an agreement with a syndicate of
underwriters led by Cormark Securities Inc. ("Cormark") and including
Desjardins Securities Inc, Dundee Securities Corp. and PI Financial
Corp. pursuant to which the syndicate has agreed to purchase 4,000,000
common shares ("Shares") of the Company on a bought deal private placement
basis at a price of $3.00 per Share for gross proceeds of $12,000,000.
The Underwriters shall be entitled to a cash commission equal to 6.0%
of the gross proceeds of the offering. In addition, the Company shall
grant the Underwriters broker warrants (the "Broker Warrants") in the
amount that is equal to 6% of the number of Shares sold pursuant to the
Offering. Each Broker Warrant shall be exercisable for one Share at a
price of $3.00, for a period of 2 years following the Closing Date.


The Underwriters shall also have the option, exercisable prior to the