ATHA Energy Closes $63 Million In Financings From Queens Road Capital Investment & Flow Through Offering

Core Viewpoint - ATHA Energy Corp. has successfully closed approximately C$63 million in new financing to support the exploration and development of its Angilak Project in Nunavut [1] Financing Details - The financing includes a private placement of USD$25 million (approximately C$34,130,000) in unsecured convertible debentures with Queen's Road Capital Investment Ltd. [1] - Additionally, the company completed a brokered private placement of charity "flow-through" common shares, issuing 28,186,500 FT Shares at a price of C$1.02, resulting in aggregate gross proceeds of C$28,750,230 [1]