Athena Gold Announces Shareholder Approval of Amalgamation and Appointment of New Management
Athena Gold (OTCQB:AHNR) held its Annual General and Special Meeting on March 27, 2025, with 78.75% shareholder participation. Stockholders approved key measures including the company's redomiciliation from Delaware to British Columbia, Canada through merger with Nova Athena Gold Corp.
The meeting resulted in significant leadership changes with David Goodman appointed as Chairman, Koby Kushner as President and CEO, Ty Minnick as CFO, and John C. Power as Corporate Secretary. The board elected five directors: David Goodman, Koby Kushner, John C. Power, John E. Hiner, and Brian Power.
The redomiciliation, expected to complete in early April 2025, will involve a one-for-one share exchange. This strategic move aims to reduce regulatory compliance costs, improve capital market access, and decrease U.S. resale restrictions on previously issued private placement shares.
Athena Gold (OTCQB:AHNR) ha tenuto la sua Assemblea Generale e Straordinaria il 27 marzo 2025, con una partecipazione degli azionisti del 78,75%. Gli azionisti hanno approvato misure chiave, tra cui la redomiciliazione della società dal Delaware alla Columbia Britannica, Canada, attraverso la fusione con Nova Athena Gold Corp.
L'incontro ha portato a significativi cambiamenti nella leadership, con David Goodman nominato Presidente, Koby Kushner come Presidente e CEO, Ty Minnick come CFO, e John C. Power come Segretario Aziendale. Il consiglio ha eletto cinque direttori: David Goodman, Koby Kushner, John C. Power, John E. Hiner e Brian Power.
La redomiciliazione, prevista per essere completata all'inizio di aprile 2025, comporterà uno scambio azionario uno a uno. Questa mossa strategica mira a ridurre i costi di conformità normativa, migliorare l'accesso ai mercati dei capitali e diminuire le restrizioni alla rivendita negli Stati Uniti delle azioni emesse in precedenti collocamenti privati.
Athena Gold (OTCQB:AHNR) celebró su Junta General y Extraordinaria el 27 de marzo de 2025, con una participación del 78,75% de los accionistas. Los accionistas aprobaron medidas clave, incluida la redomiciliación de la empresa de Delaware a Columbia Británica, Canadá, mediante la fusión con Nova Athena Gold Corp.
La reunión resultó en cambios significativos en el liderazgo, con David Goodman nombrado Presidente, Koby Kushner como Presidente y CEO, Ty Minnick como CFO, y John C. Power como Secretario Corporativo. La junta eligió a cinco directores: David Goodman, Koby Kushner, John C. Power, John E. Hiner y Brian Power.
La redomiciliación, que se espera completar a principios de abril de 2025, implicará un intercambio de acciones uno a uno. Este movimiento estratégico tiene como objetivo reducir los costos de cumplimiento regulatorio, mejorar el acceso al mercado de capitales y disminuir las restricciones de reventa en EE. UU. sobre las acciones emitidas previamente en colocaciones privadas.
아테나 골드 (OTCQB:AHNR)는 2025년 3월 27일 연례 총회 및 특별 회의를 개최하였으며, 주주 참여율은 78.75%에 달했습니다. 주주들은 델라웨어에서 캐나다 브리티시컬럼비아로의 회사 재도메이션을 승인하였으며, 이는 노바 아테나 골드 코프와의 합병을 통해 이루어집니다.
회의 결과 데이비드 굿맨이 의장으로, 코비 쿠시너가 사장 겸 CEO로, 타이 미닉이 CFO로, 존 C. 파워가 기업 비서로 임명되는 등 중요한 리더십 변화가 있었습니다. 이사회는 다섯 명의 이사를 선출했습니다: 데이비드 굿맨, 코비 쿠시너, 존 C. 파워, 존 E. 하이너, 브라이언 파워입니다.
재도메이션은 2025년 4월 초에 완료될 것으로 예상되며, 1대 1의 주식 교환이 포함됩니다. 이 전략적 조치는 규제 준수 비용을 줄이고, 자본 시장 접근성을 개선하며, 이전에 발행된 사모 주식에 대한 미국의 재판매 제한을 줄이는 것을 목표로 합니다.
Athena Gold (OTCQB:AHNR) a tenu son Assemblée Générale et Extraordinaire le 27 mars 2025, avec une participation de 78,75 % des actionnaires. Les actionnaires ont approuvé des mesures clés, y compris la redomiciliation de l'entreprise du Delaware vers la Colombie-Britannique, Canada, par le biais de la fusion avec Nova Athena Gold Corp.
La réunion a entraîné des changements significatifs dans la direction avec David Goodman nommé Président, Koby Kushner comme Président et CEO, Ty Minnick comme CFO, et John C. Power comme Secrétaire Corporatif. Le conseil d'administration a élu cinq directeurs : David Goodman, Koby Kushner, John C. Power, John E. Hiner et Brian Power.
La redomiciliation, qui devrait être finalisée début avril 2025, impliquera un échange d'actions un pour un. Ce mouvement stratégique vise à réduire les coûts de conformité réglementaire, améliorer l'accès aux marchés des capitaux et diminuer les restrictions de revente aux États-Unis sur les actions précédemment émises lors de placements privés.
Athena Gold (OTCQB:AHNR) hielt am 27. März 2025 seine Haupt- und Sonderversammlung ab, an der 78,75% der Aktionäre teilnahmen. Die Aktionäre genehmigten wichtige Maßnahmen, darunter die Redomizilierung des Unternehmens von Delaware nach British Columbia, Kanada, durch die Fusion mit Nova Athena Gold Corp.
Die Sitzung führte zu bedeutenden Veränderungen in der Führung, mit David Goodman als Vorsitzendem, Koby Kushner als Präsident und CEO, Ty Minnick als CFO und John C. Power als Unternehmenssekretär. Der Vorstand wählte fünf Direktoren: David Goodman, Koby Kushner, John C. Power, John E. Hiner und Brian Power.
Die Redomizilierung, die voraussichtlich Anfang April 2025 abgeschlossen sein wird, umfasst einen Eins-zu-eins-Aktionstausch. Dieser strategische Schritt zielt darauf ab, die Kosten für die Einhaltung von Vorschriften zu senken, den Zugang zu den Kapitalmärkten zu verbessern und die US-Wiederverkaufsbeschränkungen für zuvor ausgegebene Privatplatzierungsaktien zu verringern.
- Significant reduction in regulatory compliance costs expected post-redomiciliation
- Enhanced access to capital markets anticipated
- Reduction in U.S. resale restrictions on private placement shares
- High shareholder participation (78.75%) indicating strong engagement
- Transaction completion subject to regulatory approvals and legal requirements
- Potential short-term uncertainty during leadership transition
VACAVILLE, CALIFORNIA / ACCESS Newswire / March 28, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNR) ("Athena Gold" or the "Company") announces the results from its Annual General and Special Meeting of Stockholders held on Thursday, March 27, 2025 (the "Meeting"). Stockholders holding a total of 153,401,821 common shares were represented in person or by proxy at the Meeting, representing
The redomestication of the Company from the State of Delaware to the Province of British Columbia, Canada, by merger into its British Columbia subsidiary, Nova Athena Gold Corp.;
The election of the following as directors until the next annual stockholder meeting of the Company: David Goodman, Koby Kushner, John C. Power, John E. Hiner and Brian Power;
The appointment of Davidson & Company LLP as the Company's auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors;
The approval, on an advisory, non-binding basis, of the compensation of the Company's Named Executive Officers;
The approval, on an advisory, non-binding basis, establishing the frequency of shareholders voting on the compensation of Named Executive Officers to be every two (2) years.
Subsequent to the Meeting, the Board appointed David Goodman as Chairman of the Board, Koby Kushner as President and Chief Executive Officer, Ty Minnick as Chief Financial Officer, and John C. Power as Corporate Secretary. John E. Hiner (Chair), John C. Power and Brian Power were appointed as members of the Audit Committee.
Subject to receipt of the necessary consents and regulatory approvals and in compliance with all applicable legal requirements, Athena Gold will redomicile from the State of Delaware to the Province of British Columbia and amalgamate under section 275 of the Business Corporations Act (British Columbia) with its British Columbia subsidiary, Nova Athena Gold Corp. ("Nova Athena") (the "Transaction"). Under the terms of the Agreement and Plan of Merger and Amalgamation dated February 4, 2025, Athena Gold's stockholders will receive one common share in the capital of Nova Athena for each common share of Athena Gold with the "resulting issuer" retaining its current name, Athena Gold Corporation, and current trading symbol "ATHA" on the Canadian Securities Exchange. The Company expects to complete the Transaction in early April 2025.
Further details regarding the terms and conditions of the Transaction are set out in the Proxy Statement dated February 4, 2025, which is available on the SEC's website at www.sec.gov and on SEDAR+ at www.sedarplus.ca. The Merger is expected, among other things, to significantly reduce Athena Gold's regulatory compliance costs, enhance its ability to access the capital markets and increase the number of potential investors. Completing the redomicile to British Columbia is also expected to reduce certain U.S. resale restrictions on common shares previously issued by Athena Gold in private placement transactions.
About Athena Gold Corporation
Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena's flagship Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans 1,675 ha and covers at least three historic mines along the Palmetto Mountain trend, where the Company is following up on a recent shallow oxide gold discovery, with drill results including 5.35 g/t Au over 33.5 m. Meanwhile, the Company's new Laird Lake project is situated in the Red Lake Gold District of Ontario, covering 4,158 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold's Madsen mine and 34 km northwest of Kinross Gold's Great Bear project.
For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit www.athenagoldcorp.com.
On Behalf of the Board of Directors
John C. Power
Director and Corporate Secretary, Athena Gold Corporation
For further information, please contact:
Athena Gold Corporation
John C. Power, Director and Corporate Secretary
Phone: 707-291-6198
Email: johnpower@athenagoldcorp.com
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: cathy@chfir.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. Securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", ''plans", "may", "should", ''potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements as a result of various risk factors as disclosed in the final long-form prospectus of the Company dated August 31, 2021.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise.
SOURCE: Athena Gold Corp
View the original press release on ACCESS Newswire
FAQ
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