other material
confidence high
sentiment positive
materiality 0.60
Athena Gold closes acquisition of 10M Nubian shares (15.79% stake) from Eric Sprott for 16.5M Athena shares
ATHENA GOLD CORP
- Acquired 10M common shares of Nubian Resources from 2176423 Ontario Ltd. (Eric Sprott) for 16,546,669 Athena shares.
- The 10M Nubian shares represent ~15.79% of Nubian's outstanding shares, making Athena the largest single owner.
- Athena shares issued are restricted with a hold period expiring April 30, 2024.
- Eric Sprott becomes an Athena shareholder; CEO highlights 2024 as pivotal for Excelsior Springs and Crow Springs projects.
- Athena demands Nubian board complete distribution of 50M Athena shares to Nubian shareholders per 2021 agreement.