sur Sky Alphabet Social Media Inc. (CVE:SASK)
ATHA Energy Completes $10 Million Private Placement
ATHA Energy Corp. has successfully closed a $10 million private placement. This offering consisted of 16,766,490 flow-through common shares at $0.47 each, and 3,475,000 charity flow-through shares priced at $0.61 each. Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. led the syndicate of agents managing the deal.
The proceeds will fund eligible Canadian exploration expenses, specifically focusing on the development of the Angilak project. This will be executed before December 31, 2026, with renunciation planned by the end of 2025.
CEO Troy Boisjoli participated by purchasing 65,000 shares. His involvement is a related party transaction but remains within regulatory thresholds, exempting it from special approvals.
The company’s agreements with ICP Securities Inc. and Hybrid Financial Inc. have concluded and were not renewed.
R. H.
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