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Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) has resumed trading on the OTCQB market under its new ticker symbol "AHNRF" on May 6, 2025. The symbol change follows the company's recent redomicile from Delaware to British Columbia and merger with its British Columbia subsidiary, Nova Athena Gold Corp., completed on April 15, 2025. The company maintained its name as Athena Gold Corporation and its Canadian Securities Exchange symbol "ATHA" remains unchanged. Following these changes, Athena Gold qualified as a Foreign Private Issuer under SEC regulations. Current shareholders are not required to take any action regarding the OTCQB ticker symbol change.
Athena Gold has successfully closed an oversubscribed non-brokered private placement of flow-through common shares, raising CDN$765,000 - exceeding the original target by CDN$265,000. The company issued 15.3 million flow-through shares at CDN$0.05 per share.
The proceeds will be invested in the company's Laird Lake and Oneman Lake Projects in Ontario, Canada. The funds will be used for eligible resource exploration expenses qualifying as Canadian exploration expenses, which must be incurred by December 31, 2026, and renounced to purchasers by December 31, 2025.
Key details of the offering:
- Finder's fees: 480,000 units issued (each including one non-flow-through share and one warrant)
- Warrants exercise price: CDN$0.12 per share
- Warrant term: 18 months
- Additional finder's fee: 1,737,236 common shares at CDN$0.05
All securities issued have a four-month and one-day hold period. No insiders participated in the offering.
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