Aton announces repayment of bridge loan and exercise of warrants
FOR IMMEDIATE RELEASE
Aton announces repayment of bridge loan and exercise
of warrants
Vancouver, December 18, 2018: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is pleased to
announce the repayment of the Company’s bridge loan with OU Moonrider (“Moonrider”), previously
announced November 21, 2018 (the “Bridge Loan”).
Aton reports that all 20,500,000 warrants issued in its December 2015 private placement (the “Warrants”),
have been exercised at an exercise price of $0.05 per Warrant, and the Company has issued a total of
20,500,000 common shares to the warrant holders. The proceeds from the exercise of these Warrants have
been used to repay the $1,000,000 Bridge Loan, within the six month repayment date.
“I am very pleased to announce that we have repaid our bridge loan early.” said Mark Campbell , President
and CEO, “The support from not only our cornerstone investors, but from all of our investors , is amazing and
without this support we could not have accomplish ed our outstanding results. On behalf of all us at Aton, we
thank them”.
The Company also reports that 20,000,000 of the Warrants were exercised by i nsiders, or companies
controlled by insiders of the Company, namely, OU Hektik (“Hektik”), Moonrider, and Kouts Capital, a company
controlled by director Bill Koutsouras.
Hektik acquired an aggregate of 6,500,000 common shares through the exercise of the Warrants, representing
approximately 2.25% of Aton’s issued and outstanding common shares. Hektik previously held 36,673,077
common shares of the Company. Following the exercise of Warrants Hektik owns and controls 43,173,077
common shares of Aton, representing approximately 14.98% of the issued and outstanding common shares
of the Company as of the date hereof. Prior to the exercise of Warrants, Hektik owned 13.70% of Aton’s issued
and outstanding shares. In addition, if Hektik was to exercise all 16,923,077 share purchase warrants it holds
which were acquired in earlier financings, Hektik would own approximately 19.69% of the issued and
outstanding common shares of the Company (assuming no other convertible securities of Aton are exercised).
Moonrider acquired an aggregate of 5,500,000 common shares through the exercise of Warrants, representing
approximately 1.90% of Aton’s issued and outstanding common shares. Moonrider previously held 64,134,154
common shares of the Company. Following the exercise of Warrants Moonrider owns and controls 69,634,154
common shares of Aton, r epresenting approximately 24. 15% of the issued and outstanding common shares
of the Company as of the date hereof. Prior to the exercise of Warrants, Moonrider owned 23.95% of Aton. In
addition, if Moonrider was to exercise all 57,027,972 share purchase warrants it holds which were acquired in
earlier financings, Moonrider would own approximately 36.68% of the issued and outstanding common shares
of the Company (assuming no other convertible securities of Aton are exercised).
The acquisition of the common shares by Hektik and Moonrider (the “Acquirers”) were effected for investment
purposes. The Acquirers may from time to time acquire additional securities of Aton, dispose of some or all of
the existing or additional securities they hold or will hold, or may continue to hold their current position.
The early warning report, as required under National Instrument 62- 103, contains additional information with
respect to the foregoing matters and will be filed by Hektik on Aton’s SEDAR profile at www.sedar.com.
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
200km north of Centamin’s Sukari gold mine. Aton has
identified a 40km long gold mineralised trend at Abu
Marawat, anchored by the Hamama deposit in the west
and the Abu Marawat deposit in the east, containing
numerous gold exploration targets, including three historic
British mines. Aton has identified several distinct
geological trends within Abu Marawat, which display
potential for the development of RIRG and orogenic gold
mineralisation, VMS precious and base metal
mineralisation, and epithermal -IOCG precious and b ase
metal mineralisation. Abu Marawat is over 738km2 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.
Qualified person
The technical information contained in this News Release
was prepared by Javier Orduña BSc (hons), MSc, MCSM,
DIC, MAIG, SEG(M), FGS, Exploration Manager of Aton
Resources Inc. Mr. Orduña is a qualified person (QP) under
National Instrument 43-101 Standards of Disclosure for
Mineral Projects.
For further information regarding Aton Resources Inc.,
please visit us at www.atonresources.com or contact:
MARK CAMPBELL
President and Chief Executive Officer
Tel: +202-27356548
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 ri sks 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.