on Sky Alphabet Social Media Inc. (CVE:SASK)
ATHA Energy Upsizes Convertible Debenture Offering to USD$25 Million
ATHA Energy Corp has announced an upsized private placement of convertible debentures with Queen's Road Capital Investment Ltd., boosting the total to USD$25 million, or approximately CAD$34.5 million. This decision comes in response to strong investor interest, supporting the company's exploration efforts at the Angilak Uranium Project in Nunavut, Canada.
The debentures are unsecured and convertible into common shares at C$0.85 per share. They will bear a 12% annual interest rate over a five-year term, with interest payments divided between cash and shares, pending approval from the TSX Venture Exchange.
An investor rights agreement with QRC includes voting and transfer restrictions. Additionally, QRC retains an option to acquire another USD$25 million in debentures on similar terms. Closing is contingent on standard conditions and regulatory approvals.
R. P.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Sky Alphabet Social Media Inc. news