Athena Gold Corporation (OTCMKTS:AHNR) on September 9, 2022, announced that due to investor interest in the non-brokered private placement offering of the units, it is upsizing its Offering by about 8,125,000 Units at a price of CAD $0.08 per Unit. This will be for aggregate gross proceeds of CAD $650,000.
Trading Data
On Friday, AHNR stock surged 3.81% to $0.0600 with more than 1K shares, compared to its average volume of 46.12K shares. The stock moved within a range of $0.0600 – 0.0600 after opening trading at $0.0600.
Athena Upsizes Cad $0.08 Unit Non-Brokered Private Placement and Announces Closing of Second Tranche
Every unit will comprise a single share in the capital stock and a single common share purchase warrant. Every warrant will entitle the holder to buy a single common share in capital stock at a price of CAD $0.12. This can be done anytime or before the first business day, which is 2 years from the closing of the Offering.
The firm also announced closing the second tranche of offering through the issuance of 1,737,500 Units. This will be for gross proceeds of CAD $139,000. Net proceeds of the offering will be harnessed for general working capital as well as project exploration.
All securities in connection with the offering will be subject to resale restriction periods, applicable under securities issued in Canada and United States securities laws. The firm will be paying finder’s fees of $8,340 cash and 104,250 broker warrants.
Focusing on the exploration of the Excelsior Springs project about 45 miles southwest of Goldfield in Esmeralda County, Nevada, Athena is concurrently pursuing the acquisition of worthy precious and base metals.
Technical Data
AHNR stock is trading below the 20-Day and 50-Day Moving averages of $0.0639 and $0.0614 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0854. The company has a total market capitalization of $7.62 million.
