ATHA Energy Announces USD$20 Million Convertible Debenture Financing

Core Viewpoint - ATHA Energy Corp. has announced a binding term sheet with Queen's Road Capital Investment Ltd. for a private placement of USD$20 million in unsecured convertible debentures [1] Group 1: Company Overview - ATHA Energy Corp. is engaging in a private placement to raise capital through the issuance of unsecured convertible debentures [1] - The principal amount of the offering is USD$20 million, which is approximately CAD$27.7 million [1] Group 2: Financial Details - The offering consists of unsecured convertible debentures, indicating a potential for conversion into equity at a later date [1] - The transaction is expected to enhance the company's financial position and support its growth initiatives [1]