VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) (“Aten“or the”society“) announces that further to its July 14, 2022 press release, it has drawn down an additional $608,860 under its bridge loan (the “Loan”) with Ou Moonrider (“Moonrider”). of the loan will be used by the Company for current working capital expenses and the continuation of its drilling program at Rodruin.
In connection with this drawing, Moonrider received 2,214,036 non-transferable warrants exercisable for one common share at a price of $0.275 per warrant with an expiry date of July 27, 2023. The Company has now fully drawn the $1,000,000 available to him under the loan and issued a total of 3,475,777 non-transferable warrants to Moonrider. The warrants and all shares that may be issued upon their exercise are subject to a holding period which expires four months from the date of issue, i.e. November 22, 2022 for the first tranche warrants and November 28 2022 for second tranche bonds.
About Aton Resources Inc.
Aton Resources Inc. (AAN: TSX-V) is focused on its wholly-owned Abu Marawat concession (“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of the gold mine Centamin’s World Class Sukari. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit to the west, the Abu Marawat deposit to the northeast and the Rodruin advanced exploration prospect south of the concession. Two historic British gold mines are also located on the concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat which show potential for the development of a variety of styles of precious and base metal mineralization. Abu Marawat is 447.7 km away.2 in size and is located in an area of excellent infrastructure; a four-lane highway, 220 kV power line and water main are nearby, as are the international airports of Hurghada and Luxor.
For more information about Aton Resources Inc., please visit www.atonresources.com or contact:
Tel: +1 604 318 0390
E-mail: [email protected]
Note Regarding Forward-Looking Statements
Some of the statements contained in this press release are forward-looking statements. Because forward-looking statements address future events and conditions; by their very nature, they involve inherent risks and uncertainties. The actual results in each case could differ materially from those currently anticipated in these statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.