Athena Gold Launches CDN $2 Million Private Placement

Athena Gold Corporation announced a non-brokered private placement aiming to raise up to CDN $2 million. The offering consists of two parts: CDN $1.5 million through the sale of 21,428,571 flow-through common shares priced at CDN $0.07 each, and CDN $500,000 through the issuance of 8,333,333 non-flow-through units priced at CDN $0.06 each.

Funds raised will support Athena's mineral exploration projects in Ontario, Canada. The FT Shares will finance the Laird Lake and Oneman Lake Projects, qualifying as Canadian Exploration Expenses. Proceeds from NFT Units will cover exploration and administrative costs.

The offering is expected to close in tranches, contingent on regulatory approvals. Participation by insiders falls under MI 61-101 regulations for related party transactions.