Daniel Thorne Announces Acquisition of Units of Hamilton Thorne Ltd.

    




 BEVERLY, MA and TORONTO, May 18, 2012 /CNW/ - Daniel Thorne, an insider  of Hamilton Thorne Ltd.  (the "Corporation"), has filed an early warning report announcing that, on May 15, 2012,  he acquired ownership or control over 890,577 units (each, a "Unit") of the Corporation.  Such Units were acquired in connection with the  closing of the first tranche of a non-brokered private placement of  Units (the "Offering") at an offering price of $0.1125 per Unit.  Each Unit is comprised of  one common share of the Corporation (a "Share") and one-half of one common share purchase warrant (each whole  warrant, a "Warrant").  Each Warrant entitles the holder thereof to acquire one additional  Share at an exercise price of $0.16875 per Share for a period of 12  months from the date of issuance.  The 890,577 Shares underlying the  Units acquired by Mr. Thorne represent approximately 1.76% of the  currently issued and outstanding Shares. 

 Immediately following the Offering, Mr. Thorne directly and indirectly  owns or exercises control over (i) 19,967,100 Shares or approximately  39.44% of the issued and outstanding Shares, and (ii) Warrants to  acquire 445,288 Shares at an exercise price of $0.16875 per Share until  May 15, 2013. Assuming full exercise of the Warrants, Mr. Thorne would  hold or exercise control over an aggregate of 20,412,388 Shares,  representing 39.97% of the currently issued and outstanding Shares (on  a fully-diluted basis). 

 The 19,967,100 Shares consist of (a) 15,659,819 Shares held directly by  Mr. Thorne, (b) 3,936,288 Shares held by Star Lake Bioventures LLC, a  company controlled by Mr. Thorne, and (c) 370,993 Shares held by  Hamilton Equine Associates L.P. (in respect of which Mr. Thorne  exercises all voting rights, but not control and direction over  disposal rights). 

 Further information regarding the Offering may be found in the press  releases issued by the Corporation on April 23, 2012 and May 16, 2012,  respectively, copies of which may be viewed on the Corporation's SEDAR  profile at www.sedar.com. 

 The Units were acquired for investment purposes.  Mr. Thorne has a  long-term view of the investment and does not intend at this time to  acquire additional securities of the Corporation, but may acquire  additional securities of the Corporation either on the open market or  through private acquisitions or sell securities of the Corporation  either on the open market or through private dispositions in the future  depending on market conditions, reformulation of plans and/or other  relevant factors. 

 This news release is being issued under the early warning provisions of  Canadian provincial securities legislation. The TSX Venture Exchange  does not accept responsibility for the adequacy or accuracy for this  release. 

Hamilton Thorne Ltd.


CONTACT:  Hamilton Thorne Ltd., David Wolf - President and Chief ExecutiveOfficer, Telephone [phone]. 


    

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