Hathor Provides Corporate Update on Rio Tinto Transaction
Hathor Exploration Limited (HAT.TO) confirmed that approximately 107,343,487 Hathor common shares have been validly tendered to Rio Tinto plc as of 5 pm Eastern Standard Time (EST) on December 12, 2011, through an indirect wholly-owned Canadian subsidiary. The tendered common shares represent 84.26% of the outstanding common shares of Hathor, other than the Hathor common shares already held by an affiliate of Rio Tinto. Rio Tinto on December 12, 2011, extended its offer to acquire all the common shares of Hathor for C$4.70 in cash per common share until 5 pm EST on December 22, 2011. Hathor also announced the changes to its Board of Directors. Jim Malone (Chairman), Ben Ainsworth and Martin Glynn have resigned from the Board. Michael Gunning and John Currie remain on the Board and are joined by the following new members from Rio Tinto: Dominique Bouchard (Chairman), Simon Wensley, Stephen Scott and Justin Quigley.
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