other material
confidence high
sentiment neutral
materiality 0.30
Athena Gold closes CAD $200K private placement of units and settles CAD $34K debt via shares
ATHENA GOLD CORP
- Closed private placement of 5,000,000 units at CAD $0.04/unit for gross proceeds of CAD $200,000.
- Each unit: one common share + one warrant exercisable at CAD $0.05 for 12 months; acceleration if share price ≥ $0.10 for 10 days.
- Settled CAD $34,278.20 debt by issuing 685,564 common shares at CAD $0.05/share to preserve cash.
- Insiders purchased 3,750,000 units (CAD $150,000) in the placement.
- Proceeds to pay trade payables, fund Crow Springs exploration, and final payment for Excelsior Springs claims.