Hathor Exploration Ltd. (TSX-V:HAT) has closed an over-subscribed $15 million financing and raised $15 million, the Vancouver-based company announced today.
The junior uranium explorer raised $4.8 million more than expected when the flow-through financing was announced March 8.
The company sold 6.25 million flow-through shares at a price of $2.40 per share.
A syndicate of underwriters led the deal that included: Canaccord Financial Ltd., Salman Partners Inc., Dundee Securities Corp., Mackie Research Capital Corp. and Raymond James Ltd.
The company said it would use the proceeds to conduct further exploration at its Athabasca Basin uranium projects in Saskatchewan and Alberta.
Hathor has a $206 million market capitalization, and property interests that cover 740,000 acres of the basin, which is known for high-grade uranium deposits.
Hathor's share price range during the past week: $2.07 and $2.05; 52-week high: $2.51; 52-week low: $1.30.