Athena Gold to issue 16.5M shares to Eric Sprott entity for 10M Nubian Resources shares

ATHENA GOLD CORP

Athena acquires 10M Nubian Resources shares from company controlled by Eric Sprott, paying 16,546,669 Athena shares.
Athena will become insider of Nubian, owning ~15.79% of Nubian on a non-diluted basis.
Nubian holds 55M Athena shares and a royalty on Athena's Excelsior Springs project; transaction termed strategic.
Closing expected December 29, 2023, subject to CSE approval; issued shares subject to 4-month+1-day hold.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ATHENA GOLD CORP entered into Share Purchase Agreement with 176423 Ontario Ltd. valued at 16,546,669 common shares (effective 2023-12-22).

Action: entry
Counterparty: 176423 Ontario Ltd.
Value: 16,546,669 common shares
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023 Athena Gold Corporation (the "Company") entered into a Share Purchase Agreement (the "SPA") with 176423 Ontario Ltd. (the "Vendor") to acquire 10,000,000 common shares in the capital of Nubian Resources Ltd. (the "Nubian Shares"), a company listed on the TSX Venture Exchange.

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ATHENA GOLD CORP filing history →

Source: SEC EDGAR

accession 0001683168-23-009127

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