Aton Announces Bridge Loan
FOR IMMEDIATE RELEASE
Aton Announces Bridge Loan
Vancouver, January 27, 2022: Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") announces that
it has entered into a n additional bridge loan (the " Loan") with OU Moonrider (" Moonrider"), a significant
shareholder of the Corporation.
The Loan
The Corporation has borrowed C$500,000 from Moonrider, which Loan is repayable on the earlier of six months
from closing, on the occurrence of various standard events of default, or on the closing of any debt or equity
financing by the Corporation in an amount in excess of C$5.0 million. The Loan will bear interest at a rate of
12% per annum, payable when the Loan is due.
Moonrider will be issued 2,173,913 bonus warrants with an exercise price of $0.23 per share and an expiration
date of January 26, 2023.
The bonus warrants are subject to the approval of the TSX Venture Exchange.
The proceeds of the Loan will be used by the Corporation for ongoing working capital expenses and continuing
the drilling program at Rodruin.
“OU Moonrider continues to support Aton to see the Corporation through the ongoing drilling program at
Rodruin”, said Tonno Vahk, Aton’s Interim CEO.
About Aton Resources Inc.
Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession (“Abu Marawat”), located
in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton has
identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west,
the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the
Concession. Two historic British gold mines are also located on the Concession at Sir Bakis and Semna. Aton has
identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety
of styles of precious and base metal mineralisation. Abu Marawat is 447.7 km 2 in size and is located in an area of
excellent infrastructure; a four-lane highway, a 220kV power line, and a water pipeline are in close proximity, as are the
international airports at Hurghada and Luxor.
For further information regarding Aton Resources Inc., please visit us at www.atonresources.com or contact:
Tonno Vahk
Interim CEO
Tel: +1 604 318 0390
Email: [email protected]
Note Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements. Since forward-looking statements
address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results
in each case could differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.