Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: Re: Roughrider Spin-Out ? FANTOMAS - Solution
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May 09, 2009 03:54PM

May 10, 2009 05:06AM

Regarding my earlier question about a possible spin-off of Roughrider, I found out that this is already in place.

A Terra Ventures NR from April 03 2007 states that

"The 90% remaining working interest in the property is held by Roughrider Uranium Corp. ("Roughrider"), which is a wholly owned subsidiary of Hathor Exploration Ltd. (TSX-V: HAT)."

http://www.terrauranium.com/english/...



So there is already a separate company established which holds the remaining 90% of Roughrider !

No problem to sell this asset to somebody and keep Hathors other properties under the Hathor umbrella.

Another useful piece of DD !

FANTOMAS

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