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ATHA Energy Announces Filing Of Annual Financial Statements, MD&A And Annual Information Form And Election To Issue Common Shares In Satisfaction Of US$25 Million Convertible Debenture Interest Payment Obligations
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About this update from Atha Energy Corp.
[{"type":"text","content":"ATHA Energy Announces Filing Of Annual Financial Statements, MD&A And Annual Information Form And Election To Issue Common Shares In Satisfaction Of US$25 Million Convertible Debenture Interest Payment Obligations NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / April 30, 2026 / ATHA Energy Corp. (\"ATHA\" or the \"Company\") (TSXV:SASK)(OTCQB:SASKF)(FRA:X5U) announces that it has filed its annual audited financial statements (\"Financial Statements\"), management's discussion and analysis (\"MD&A\") and annual information form (\"AIF\") for the year ended December 31, 2025. Copies of the Financial Statements, MD&A and AIF are available on the Company's SEDAR+ profile at www.sedarplus.ca.The Company also announces that, in accordance with the terms of the US$25,000,000 twelve percent convertible debenture issued to Queen's Road Capital Investment Ltd. (\"QRC\") on February 5, 2026 (the \"Convertible Debenture\"), the Company has elected to issue 354,521 common shares in the capital of the Company (\"Common Shares\") at a deemed price of US$0.666 (C$0.9111) to QRC as payment for US$236,110.99 (C$323,047.061) in interest owing on the Convertible Debenture.Under the terms of the Convertible Debenture, interest is payable quarterly, eight percent in cash and four percent in Common Shares, at a price per Common Share equal to the greater of the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (\"TSXV\") for the 20 trading days ending three trading days prior to the date on which such interest is due, and the minimum price permitted by the policies of the TSXV.The issuance of the Common Shares as payment for interest owing on the Convertible Debenture is subject to the terms and conditions of the Convertible Debenture as well as the receipt of all requisite approvals, including, without limitation, the approval of the TSXV.About ATHA Energy Corp.ATHA Energy is a uranium mineral exploration company with a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Uranium Project located in Nunavut, CMB Discoveries in Labrador, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin) and the largest cumulative prosp...