Athena Gold plans private placement to raise up to $1 million
AHNR•Athena Gold announced a non-brokered private placement of up to $1 million, offering up to 5 million units at $0.20 each. Proceeds will support exploration and development at its Laird and Forester properties in Ontario, as well as working capital and general corporate purposes.
1. Placement terms
Each unit will consist of one common share and one warrant. Each warrant will be exercisable for one common share at $0.25 for 36 months, subject to accelerated expiry.
2. Use of proceeds
Athena Gold plans to use proceeds for exploration and development at the Laird and Forester properties in Ontario, along with working capital and general corporate purposes. The placement is subject to regulatory approvals, including Canadian Securities Exchange approval, and the securities will have a four-month-and-one-day hold period from issuance.
