secwatch.observer — SEC 8-K summary
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Issuer:     ATHENA GOLD CORP (AHNRF)
CIK:        0001304409
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001683168-22-000094
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 8.01, 7.01, 9.01, 9.02
LLM model:  deepseek-v4-flash:cloud@v2

Athena Gold acquires 100% of Excelsior Springs gold project; pays 50M shares plus 1% NSR royalty
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- Acquired remaining 90% of Excelsior Springs in Esmeralda County, Nevada via purchase of Nubian US subsidiary.
- Consideration: 50M restricted Athena common shares (including 5M previously issued) and a 1% net smelter returns royalty.
- Nubian holds ~41.7% of Athena (pro forma 119.9M shares outstanding); plans S-1 distribution to its shareholders.
- Nubian gets board nomination right and voting agreement to support Athena Board recommendations for 12 months.
- Athena plans aggressive 2022 exploration program at the Property; finalizing drill targets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304409/000168316822000094/0001683168-22-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304409/000168316822000094/athenagold_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer