Athena Gold Expands Private Placement Due to High Demand

Athena Gold Corporation has successfully closed the second tranche of its non-brokered private placement, raising CDN $270,499.98 through the issuance of flow-through and non-flow-through units. The company reported heightened demand, prompting approval from the Canadian Securities Exchange to increase the total offering from CDN $1,500,000 to CDN $4,200,000. This expansion includes CDN $2,200,000 from flow-through units and CDN $900,000 from non-flow-through units, each with share purchase warrants exercisable at CDN $0.09.

Proceeds from the placement will be allocated to projects in Ontario, qualified under Canadian exploration expenses and flow-through critical mineral mining expenditures. The offering supports Athena Gold's exploration work, especially in Ontario's Laird Lake and Oneman Lake projects. The third tranche is set to close by the end of the week, with all securities issued subject to a four-month and one-day hold period.