Canadian Business Journal Aton Announces Private Placement of Up to $ 2 Million

Not for distribution to US news wire services or distribution in the US

Vancouver, British Columbia, February 23, 2022 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) (“Aton” or “Corporation”) to be able to announce a non-mediated private placement for up earnings. I am glad. $ 2 million (“private placement”). The net proceeds from the private placement will be used for ongoing exploration and development activities at the concessions of Aton’s Rodolin and Hamama in Egypt, as well as general working capital. The amount in all currencies is Canadian dollars.

Trading and Private Placement Highlights:

  • Non-intermediated private placement of up to 13,333,333 shares of common stock at $ 0.15 per share for a total income of up to $ 2,000,000 (“Shares”).
  • Shares issued under a private placement are subject to a limited resale period of four months from the closing date.
  • Private placements are open to existing shareholders of the legal entity and are invited to contact the legal entity if they are interested in participating.
  • Depending on the interests of other subscribers, OU Hektik, a significant shareholder of Kosha, can enroll in private placements of up to $ 2,000,000.When
  • Private placements may be closed with one or more tranches.

Aton Resources Inc.about

Aton Resources Inc. (AAN: TSX-V) focuses on the 100% owned Abmalawat Concession (“Abmalawat”) in the Arabian Nubian Shield, Egypt. It is about 200 km north of Centamin’s world-class Scari gold mine. Aton has identified a number of gold and base metal exploration targets in Abmalawat, including the Hamama deposit in the west, the Abmalawat deposit in the northeast, and the prospect of advanced Rodorin exploration to the south of the concession. Two historic British gold mines are also located in the Sir Bakis and Semna mining areas. Aton identified some clear geological trends within Abmalawat. These show the potential for the development of different styles of precious and base metal mineralization. 447.7km to Abmalawat2 Large and in the area of ​​good infrastructure. Similar to the Hurghada and Luxor international airports, the four-lane highway, 220kV power line and water pipeline are just around the corner.

For more information about Aton Resources Inc., please visit or contact us below.

Tonno Vahk
Provisional CEO
Tel: +1 604 318 0390

Notes on future prospects

Some of the statements contained in this release are forward-looking statements. Forward-looking statements, by their very nature, carry inherent risks and uncertainties as they correspond to future events and circumstances. The actual results in each case may differ significantly from what is currently expected in such a statement.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

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Canadian Business Journal Aton Announces Private Placement of Up to $ 2 Million

Source link Canadian Business Journal Aton Announces Private Placement of Up to $ 2 Million

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