2023-04-17 11:45:06 ET
- Nubian Resources ( OTCQB:NBRFF ) said it would undertake a non-brokered private placement for further investment in Athena Gold Corporation, which will consist of the issuance of up to 7.5M units, each unit priced at $0.08, comprising of one share and one warrant for gross proceeds of $600,000.
- The non-brokered private placement is for further investment in Athena Gold Corporation to undertake its follow-up drilling program at the Excelsior Springs Project, located in Esmeralda County, for exploration activities at the company's Fosterville East Project, and for general working capital purposes.
- To sustain its holding in Athena and the Excelsior Springs gold venture, Nubian proposes to invest $350,000 from the Private Placement in Athena's current non-brokered private placement.
- Press Release
For further details see:
Nubian to increase holdings in Athena Gold