Hathor Exploration Limited and Terra Ventures Inc. Complete Merger 

 

August 2011

On August 5, 2011, Hathor Exploration Limited and Terra Ventures Inc. completed the previously announced plan of arrangement and received final approval from the Supreme Court of British Columbia to complete the merger. 

Hathor acquired ownership and control of all of the issued and outstanding securities of Terra Ventures Inc., being 61,943,348 common shares, and assumed 6,185,000 options to acquire Terra Shares and 8,813,331 warrants to acquire Terra Shares ("Terra Warrants"). As a result of this acquisition, Hathor owns a total of 61,943,348 Terra Shares representing 100% of the total number of Terra Shares issued and outstanding and assumed a total of 6,185,000 Terra Options and 8,813,331 Terra Warrants representing 100% of the total number of Terra Options and Terra Warrants issued and outstanding. 

Terra is now a wholly-owned subsidiary of Hathor.

Terra Ventures Inc. was represented on the transaction by Leo Raffin from McMillan LLP.