HATHOR EXPLORATION 
By
October 27, 2011
Hathor Provides Update on Posting of Circular Documents and Filing of Preliminary Economic Assessment on Roughrider
Hathor Provides Update on Posting of Circular Documents and Filing of Preliminary Economic Assessment on Roughrider
Vancouver, British Columbia -- Hathor Exploration Limited
(HAT:TSX) ("Hathor") is pleased to announce that,
further to the joint press release of October 19, 2011, it
has now received a formal all cash take-over bid offer (the
"Offer") from an indirect wholly owned subsidiary
(the "Offeror") of Rio Tinto, at a price of $4.15
per Common Share, for all of the outstanding common shares
("Common Shares") of Hathor, together with the
associated rights (the "SRP Rights") issued and
outstanding under Hathor's shareholder rights plan, other
than any Common Shares owned directly or indirectly by the
Offeror and its affiliates, and including any Common Shares
that may become issued and outstanding after the date of the
Offer but prior to the Expiry Time (as defined below) upon
the exercise, exchange or conversion of: (i) options under
Hathor's stock option plan, (ii) issued and outstanding
warrants of Hathor, or (iii) other securities of Hathor that
are exercisable or exchangeable for or convertible into
Common Shares (other than the SRP Rights).
As previously announced, a Support Agreement dated October 18, 2011 entered into by the Offeror, an affiliate of the Offeror and Hathor includes a non-solicitation covenant, a right by the Offeror to match any unsolicited superior proposal and payment by Hathor to the Offeror of a break fee of $20 million in certain circumstances.
Full details of the Offer are set forth in the offer to purchase and related take-over bid circular dated October 25, 2011 (the "Offer to Purchase and Circular") and the letter of transmittal and the notice of guaranteed delivery accompanying the Offer to Purchase and Circular (collectively, the "Offer Documents"), copies of which have been filed with the securities regulatory authorities in Canada and will be mailed to Hathor's securityholders shortly. The Offer will expire at 5:00 p.m. (Toronto time) on November 30, 2011 (the "Expiry Time"), unless otherwise extended or withdrawn, and is subject to a number of customary conditions, including (i) there being deposited under the Offer and not withdrawn at the Expiry Time such number of Common Shares that represent at least 66
As previously announced, a Support Agreement dated October 18, 2011 entered into by the Offeror, an affiliate of the Offeror and Hathor includes a non-solicitation covenant, a right by the Offeror to match any unsolicited superior proposal and payment by Hathor to the Offeror of a break fee of $20 million in certain circumstances.
Full details of the Offer are set forth in the offer to purchase and related take-over bid circular dated October 25, 2011 (the "Offer to Purchase and Circular") and the letter of transmittal and the notice of guaranteed delivery accompanying the Offer to Purchase and Circular (collectively, the "Offer Documents"), copies of which have been filed with the securities regulatory authorities in Canada and will be mailed to Hathor's securityholders shortly. The Offer will expire at 5:00 p.m. (Toronto time) on November 30, 2011 (the "Expiry Time"), unless otherwise extended or withdrawn, and is subject to a number of customary conditions, including (i) there being deposited under the Offer and not withdrawn at the Expiry Time such number of Common Shares that represent at least 66
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© Publicnow - 2011
