Athena Gold Secures $3.5 Million for Drilling

Athena Gold Corporation has successfully raised CDN $3.5 million through a non-brokered private placement. This funding completes the company's financial preparations for upcoming drilling activities. These funds were raised through several tranches, the latest contributing CDN $502,002.98 following earlier tranches of CDN $2,727,526.03 and CDN $270,499.98 respectively.

The placement included the issuance of flow-through and non-flow-through units, with each unit type accompanied by warrants exercisable over 24 months. The funds are earmarked for exploration at the Laird Lake and Oneman Lake Projects in Ontario. These projects will benefit from resources targeted at Canadian Exploration Expenses, receiving tax advantages under Canadian law.

No participation from insiders was registered in the final tranche, ensuring transparency in financing. The company's securities remain unregistered in the U.S., emphasizing a focus on Canadian financial markets.