VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) – Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company”) is pleased to announce that, following its press release As of April 12, 2021, he settled a total of C $ 116,348.49 of debt (the “Debt”) to directors and employees in exchange for 484,785 common shares (the “Shares” at a price of 0.24 $ per share (the “Debt Transaction Shares”).
Certain of the Debt Transactions Actions are “related party transactions” under applicable securities laws, as directors Bill Koutsouras, Tonno Vahk and Anthony Clements, and former director David Laing (collectively the “Insiders ») Participated in the Debt Transactions Actions. . Each of the Insiders abstained from voting on the resolution approving the Debt Transaction Shares which concerned them. Each of these actions for debt transactions is exempt from the formal minority assessment and approval requirements under Multilateral Instrument 61-101, as neither the value of the shares issued nor the total debt settled against them. of the directors of the Company in connection with the Debt Transactions Shares will exceed 25% of the market capitalization of the Company on the date hereof.
All issued Shares will be subject to a four month hold period, expiring August 24, 2021, and no new control person will be created as a result of the Shares for borrowing transactions.
About Aton Resources Inc.
Aton Resources Inc. (AAN: TSX-V) focuses on its 100% owned Abu Marawat concession (“Abu Marawat”), located in the Arab-Nubian Shield of Egypt, approximately 200 km north of the gold mine world-class Sukari from Centamin. 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 to the 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 have potential for the development of a variety of styles of precious and base metal mineralization. Abu Marawat is 447.7 km away2 in size and is located in an area of excellent infrastructure; a four-lane motorway, a 220 kV power line and a water pipeline are in the immediate vicinity, as are the international airports of Hurghada and Luxor.
For more information on Aton Resources Inc., please visit us at www.atonresources.com or contact:
BILL KOUTSOURAS
Interim CEO
Phone. : +1 345 525 2512
E-mail: [email protected]
Note regarding forward-looking statements
Some of the statements contained in this press release are forward-looking statements. Since forward-looking statements deal with future events and conditions; by their nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such 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.
