Carlton Precious gives notice of its intention to offer Athena Gold Corporation's common shares for sale.
In a recent announcement, Carlton Precious Inc., a publicly traded precious and base metals exploration company listed on the TSX Venture Exchange, has revealed its intention to sell up to 5 million common shares of Athena Gold Corporation.
The CEO of Carlton Precious Inc., Michael Ballanger, who boasts 20 years of geological experience and a proven track record in leading public junior mining companies, made the announcement.
Carlton Precious Inc.'s projects are primarily focused on key mining jurisdictions including Peru and Australia (central Victoria and Tasmania). The company's current status and ownership of Athena Gold Corporation's common shares are not discussed in this announcement.
The notice of intention to distribute securities for the sale of up to 5 million common shares of Athena has been filed by Carlton Precious Inc. A copy of the Notice can be found on Athena's SEDAR+ profile at www.sedarplus.ca.
Forward-looking information in this announcement is based on the opinions and estimates of management at the date the information is provided. However, readers are cautioned not to place undue reliance on forward-looking information as the actual events or results may differ materially from those projected.
The common shares are expected to be sold through the facilities of the Canadian Securities Exchange, and may also be sold or transferred privately. If the maximum number of shares covered by the Notice are ultimately sold, Carlton Precious Inc. would still hold an aggregate of 50,000,000 common shares of Athena, which is 19.2% of Athena's common shares currently issued and outstanding.
It's important to note that the timing of the proposed sales and potential decrease in security holdings in Athena is not discussed in this announcement. Depending on market and other conditions, Carlton Precious Inc. may further decrease its security holdings in Athena as it may determine appropriate.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a description of the risks and uncertainties facing the Company and its business and affairs. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law.
Carlton Precious Inc. is managed by a team of experienced mining and geological professionals, ensuring a strong foundation for its operations. For more information, readers can contact Martin Walter, CEO of Carlton Precious Inc., at +1-416-389-5692 or [email protected].
