Aton Announces Shares for Debt Settlement
April 12 2021 - 8:30AM
Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation")
announces that it has agreed to settle a total of CAD$116,348.49 in
debt (the “Debt”) to directors and employees in exchange for
484,785 common shares (the “Shares”) at a price of $0.24 per Share
(the “Shares for Debt”).
Bill Koutsouras, Aton’s Interim CEO &
Chairman of the Board stated, “I would like to thank the directors
and employees who have opted to receive amounts payable to them in
Shares. This is a show of confidence in Aton as we continue to move
forward aggressively with plans to recommence drilling on our
projects”.
The Shares for Debt transaction is subject to
the approval of the TSX Venture Exchange. All Shares issued will be
subject to a four-month hold period. No new control person will be
created as a result of the Shares for Debt transactions.
About Aton Resources Inc. Aton Resources Inc.
(AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession
(“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield,
approximately 200 km north of Centamin’s world-class Sukari gold
mine. Aton has identified numerous gold and base metal exploration
targets at Abu Marawat, including the Hamama deposit in the west,
the Abu Marawat deposit in the northeast, and the advanced Rodruin
exploration prospect in the south of the Concession. Two historic
British gold mines are also located on the Concession at Sir Bakis
and Semna. Aton has identified several distinct geological trends
within Abu Marawat, which display potential for the development of
a variety of styles of precious and base metal mineralisation. Abu
Marawat is 447.7 km2 in size and is located in an area of excellent
infrastructure; a four-lane highway, a 220kV power line, and a
water pipeline are in close proximity, as are the international
airports at Hurghada and Luxor.For further information regarding
Aton Resources Inc., please visit us at www.atonresources.com or
contact:BILL KOUTSOURASInterim CEO Tel: +1 345 525 2512Email:
info@atonresources.com |
|
Note Regarding Forward-Looking StatementsSome of
the statements contained in this release are forward-looking
statements. Since forward-looking statements address future events
and conditions; by their very nature they involve inherent risks
and uncertainties. Actual results in each case could differ
materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. |
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