Nubian Provides Update ON Athena Return of Capital
NUBIAN PROVIDES UPDATE ON ATHENA
RETURN OF CAPITAL
TORONTO
,
June 22, 2022
/CNW/ - Nubian Resources Ltd. (TSX-V: NBR) (OTCQB: NBRFF)
("Nubian") is pleased to announce that further to the Company's press release of
January 5, 2022
and the Nubian annual and special meeting held
March 31, 2022
wherein near unanimous
shareholder approval was received for Nubian's previously announced return of capital transaction,
Athena Gold Corporation ("Athena") has now filed with the U.S. Securities and Exchange
Commission a registration statement on Form S-1, covering the resale and distribution by Nubian to
its shareholders of the 50,000,000 Athena Shares held by Nubian. Nubian will provide further
guidance on timing of the record date for the return of capital transaction in subsequent public
disclosures.
ABOUT NUBIAN RESOURCES
Nubian is a publicly traded precious and base metals exploration company managed by a team of
experienced mining and geological professionals. Nubian's projects are focused in key mining
jurisdictions in central
Victoria
and
Tasmania, Australia
and
Peru
.
About Athena GOLD
Athena is a publicly traded company engaged in the business of the acquisition and exploration of
mineral resources. Athena is currently focused on the exploration and development of precious
metals properties in the western
United States
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance, including, without limitation, the approval of
the registration statement on Form S-1 with the SEC, the distribution of Athena Shares by Nubian to
its shareholders, and the potential upside of the Property and value of the Athena Shares. The use
of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "may" and
similar expressions and statements relating to matters that are not historical facts are intended to
identify forward-looking information and are based on Athena and Nubian's current beliefs or
assumptions as to the outcome and timing of such future events. Actual future results may differ
materially. Although such statements are based on reasonable assumptions of Athena and/or
Nubian's management, there can be no assurance that any conclusions or forecasts will prove to be
accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking information. Such
factors include risks inherent in the exploration and development of mineral deposits, including risks
relating to changes in parameters of the projects as plans continue to be redefined, risks relating to
variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide
demand for and supply of minerals, risks related to the COVID-19 pandemic and current global
financial conditions, increased competition, access and supply risks, reliance on key personnel,
operational risks, regulatory risks, including risks relating to licenses and permits, financing,
capitalization and liquidity risks and title and environmental risks.
The forward-looking information contained in this release is made as of the date hereof, and Nubian
is not obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained herein, investors should not place
undue reliance on forward-looking information. The foregoing statements expressly qualify any
forward-looking information contained herein.
SOURCE
Nubian Resources Ltd.
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For further information:
Martin Walter, President and CEO, Nubian Resources Ltd., at +1-416-
389-5692 or [email protected]
CO: Nubian Resources Ltd.
CNW 07:00e 22-JUN-22