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ATHA Energy Closes $63 Million In Financings From Queens Road Capital Investment & Flow Through Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Atha Energy Corp.
[{"type":"text","content":"ATHA Energy Closes $63 Million In Financings From Queens Road Capital Investment & Flow Through OfferingNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 5, 2026 / ATHA Energy Corp. (\"ATHA\" or the \"Company\") (TSXV:SASK)(OTCQB:SASKF)(FRA:X5U) is pleased to announce that it has closed approximately C$63 million in new financing to advance exploration at scale and development of its Angilak Project, Nunavut:further to its press releases dated January 13 and January 22, 2026, the Company has closed its private placement of USD$25 million (approximately C$34,130,000 million1) principal amount of unsecured convertible debentures (the \"Debentures\") of the Company (the \"QRC Investment\") with Queen's Road Capital Investment Ltd. (\"QRC\"); andfurther to its press release dated January 15, 2026, the Company has closed its best efforts brokered private placement of charity \"flow-through\" common shares of the Company (\"FTShares\", and the common shares of the Company, \"Shares\"), including a full exercise of the agent's option, with Canaccord Genuity Corp. and CIBC Capital Markets (together, the \"Co-Lead Agents\"), acting as co-lead agents and joint bookrunners, together with a syndicate of agents including Stifel Nicolaus Canada Inc., Haywood Securities Inc. and Paradigm Capital Inc. (together with the Co-Lead Agents, the \"Agents\") through the issuance of 28,186,500 FT Shares at a price per FT Share of C$1.02 for aggregate gross proceeds of C$28,750,230 (the \"LIFE Offering\").QRC InvestmentQueen's Road Capital Investment Ltd. (TSX:QRC) is a dividend paying, leading financier to the global resource sector. QRC acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in advanced development or production located in safe jurisdictions. QRC was a critical supporter of NexGen Energy's development, investing USD$100 million between 2020 and 2023.The principal amount of the Debentures will be convertible, in whole or in part, at the option of the holder thereof, into Shares at a price per Share of C$0.85, based on the Bank of Canada daily exchange rate applicable at such time and subject to adjustment in certain events.The Debentures are issued pursuant...