Business
Aton Announces Warrant Exercise
Not for distribution to United States newswire services or for dissemination in the United States...
About this update from Aton Resources Inc.
[{"type":"text","content":"Aton Announces Warrant ExerciseNot for distribution to United States newswire services or for dissemination in the United StatesVANCOUVER, BC / ACCESSWIRE / March 7, 2024 / Aton Resources Inc. (TSX-V:AAN) (\"Aton\" or the \"Corporation\") is pleased to announce that OU Moonrider (\"Moonrider\"), a significant shareholder of the Corporation has exercised certain outstanding share purchase warrants of the Corporation which it held.Warrant Exercise:On March 6, 2024, Moonrider exercised share purchase warrants to acquire 20,000,000 Shares. The 20,000,000 warrants were exercised at a price of $0.20 per Share for total consideration of C$4,000,000.00.Prior to the warrant exercise, Moonrider beneficially owned, controlled, or directed an aggregate of 41,001,726, Shares and 20,000,000 share purchase warrants, representing approximately 52.06% of the outstanding Shares of Aton on a non-diluted basis and approximately 61.77% on a partially diluted basis, assuming Moonrider's exercise of its warrants.Following the warrant exercise, Moonrider beneficially owns, controls, or directs an aggregate of 61,001,726 Shares representing approximately 61.77% of the outstanding Shares of Aton on a non-diluted basis.Moonrider may, depending on market or other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, Shares through market transactions, private agreements or otherwise.Moonrider's head office is located at Toompuiestee 37, 10133 Tallinn, Estonia. Aton's head office is located at 1700 - 666 Burrard Street, Vancouver, BC V6C 2X8.This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report.An early warning report will be electronically filed by Moonrider with the applicable securities commission in each jurisdiction where Aton is reporting and will be available on Sedar Plus at www.sedarplus.ca.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 Maraw...