On Wednesday 04 16, 2025 at 2:02PM ET Athena Gold Completes Redomiciliation To Canada
On Wednesday 04 16, 2025 at 2:02PM ET
Athena Gold Completes Redomiciliation To
Canada
VACAVILLE, CALIFORNIA / ACCESS Newswire / April 16, 2025 / Athena Gold Corporation
(CSE:ATHA)(OTCQB:AHNR) ("Athena Gold" or the "Company") is pleased to announce the
completion of its redomicile from the State of Delaware to the Province of British Columbia,
Canada, by way of a merger into its British Columbia subsidiary, Nova Athena Gold Corp. ("Nova
Athena") under section 275 of the Business Corporations Act (British Columbia), together with
concurrent name change, to form the amalgamated corporation which will continue under the name
"Athena Gold Corporation" (the "Resulting Issuer") (the "Redomestication").
The Redomestication was approved by the holders of the Company's common shares at its Annual
General and Special Meeting (the "Meeting") held March 27, 2025, by an affirmative vote of
approximately 78.75% of the votes cast in respect thereof by shareholders present in person or by
proxy at the Meeting.
The Company has set April 24, 2025, as the "Record Date", subject to approval of the Canadian
Securities Exchange. At that time, the Resulting Issuer's common shares will commence trading on
the Canadian Securities Exchange under its new ISIN/CUSIP Number. The new ISIN Number is
CA04684R1055 and the new CUSIP Number is 04684R105.
Under the terms of the Agreement and Plan of Merger and Amalgamation dated February 4, 2025,
the Company's shareholders will receive one common share in the capital of Nova Athena for each
common share of the Company with the Resulting Issuer retaining its current name, Athena Gold
Corporation, and current trading symbol "ATHA" on the Canadian Securities Exchange and on the
OTCQB under trading symbol "AHNR".
As a result of the Redomestication, the Resulting Issuer's authorized capital consists of an unlimited
number of common shares and an unlimited number of preferred shares. Prior to the
Redomestication the Company's authorized capital consisted of (i) 250,000,000 common shares, of
which 194,803,633 common shares were issued and outstanding and 30,490,303 common shares
were reserved for issuance, consisting of an aggregate of 25,260,303 share purchase warrants and
5,230,000 stock options; and (ii) 5,000,000 preferred shares, of which none were issued. On the
Record Date of April 24, 2025, the Resulting Issuer will have 238,668,850 common shares issued
and outstanding including 43,865,217 common shares previously issued to acquire the Laird Lake
and Oneman Lake gold projects in Ontario and 30,490,303 common shares reserved for issuance,
consisting of an aggregate of 25,260,303 share purchase warrants and 5,230,000 stock options. No
preferred shares will be issued. The common shares held by Athena Gold in Nova Athena will be
cancelled without payment of capital.
The Company's transfer agent, Endeavor Trust Corporation ("Endeavor"), has mailed out a letter of
transmittal ("Letter of Transmittal") to all registered shareholders of Athena Gold whose common
shares are held in the form of physical share certificates. Registered shareholders are required to
deposit their original share certificate(s), together with a duly completed Letter of Transmittal, with
Endeavor. Once received, Endeavor will deliver shares in the name of the Resulting Issuer to the
registered shareholder in accordance with the terms of the Letter of Transmittal. A copy of the Letter
of Transmittal will be available under the Company's profile on SEDAR+ at www.sedarplus.ca or
can be obtained by contacting Endeavor. If a shareholder holds their common shares through the
Direct Registration System (DRS), no action is required. Shareholders who hold their common
shares through an intermediary (i.e., a bank, trust, company, securities broker, trustee, or other)
should contact that intermediary for instructions or questions.
Further details regarding the terms and conditions of the Redomestication are set out in the Proxy
Statement dated February 4, 2025, which is available on the SEC's website at www.sec.gov and on
SEDAR+ at www.sedarplus.ca. The Redomestication is expected, among other things, to
significantly reduce Athena Gold's regulatory compliance costs, enhance its ability to access the
capital markets and increase the number of potential investors.
About Athena Gold Corporation
Athena is engaged in the business of mineral exploration and the acquisition of mineral property
assets. Its objective is to locate and develop economic precious and base metal properties of merit
and to conduct additional exploration drilling and studies on its projects across North America.
Athena's flagship Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in
Nevada. Excelsior Springs spans 1,675 ha and covers at least three historic mines along the
Palmetto Mountain trend, where the Company is following up on a recent shallow oxide gold
discovery, with drill results including 5.35 g/t Au over 33.5 m. Meanwhile, the Company's new
Laird Lake project is situated in the Red Lake Gold District of Ontario, covering 4,158 hectares
along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface
sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located
about 10 km west of West Red Lake Gold's Madsen mine and 34 km northwest of Kinross Gold's
Great Bear project.
For further information about Athena Gold Corporation and our Excelsior Springs Gold project,
please visit www.athenagoldcorp.com.
On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer, Athena Gold Corporation
For further information, please contact:
Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: [email protected]
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: [email protected]
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S.
Securities laws. All statements, other than statements of historical fact, included herein, including,
without limitation, statements regarding future exploration plans, future results from exploration,
and the anticipated business plans and timing of future activities of the Company, are forward-
looking statements. Although the Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: "believes", "will", "expects", "anticipates", "intends",
"estimates", ''plans", "may", "should", ''potential", "scheduled", or variations of such words and
phrases and similar expressions, which, by their nature, refer to future events or results that may,
could, would, might or will occur or be taken or achieved. In making the forward-looking
statements in this press release, the Company has applied several material assumptions, including
without limitation, that there will be investor interest in future financings, market fundamentals will
result in sustained precious metals demand and prices, the receipt of any necessary permits,
licenses and regulatory approvals in connection with the future exploration and development of the
Company's projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not
guarantees of future results or performance and that actual results may differ materially from those
in forward-looking statements as a result of various risk factors as disclosed in the final long-form
prospectus of the Company dated August 31, 2021.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update any of the forward-looking statements in this press release or
incorporated by reference herein, except as otherwise stated.
SOURCE: Athena Gold Corp