other material
confidence high
sentiment neutral
materiality 0.50
Athena Gold closes CAD$600K first tranche of private placement; insider participation, funds exploration
ATHENA GOLD CORP
- Gross proceeds CAD$600,000 from 12M units at CAD$0.05/unit; total offering up to CAD$1M.
- Each unit: 1 common share + 1/2 warrant; whole warrant exercisable at CAD$0.12 for 3 yrs with acceleration clause.
- Insiders purchased 4,590,000 units (CAD$229,500), exempt from formal valuation under MI 61-101.
- Proceeds for exploration at Excelsior Springs (NV) and Laird/Oneman Lakes (ON) plus redomicile costs.
- Incoming CEO Koby Kushner expects to resume fieldwork at Excelsior and release Laird Lake sampling soon.