Carlton Precious has declared the intention to submit paperwork for the proposed sale of Athena Gold Corporation's common shares.
In a recent development, Carlton Precious Inc., a publicly traded precious and base metals exploration company listed on the TSX Venture Exchange, has announced a notice of intention to distribute securities for the sale of up to 5 million common shares of Athena Gold Corporation.
According to the notice filed on Athena's SEDAR+ profile at www.sedarplus.ca, the company currently owns an aggregate of 55,000,000 common shares of Athena, which equates to 21.1% of the issued and outstanding Athena common shares. If the maximum number of shares covered by the notice are ultimately sold, Carlton Precious Inc. would still hold an aggregate of 50,000,000 common shares of Athena, or 19.2% of Athena's common shares currently issued and outstanding.
Carlton Precious Inc.'s projects are focused on key mining jurisdictions including Peru and Australia, specifically in central Victoria and Tasmania. The company is managed by a team of experienced mining and geological professionals.
The common shares are expected to be sold through the facilities of the Canadian Securities Exchange, and may also be sold or transferred privately. However, it's important to note that there is no assurance as to the timing of the proposed sales, and any such proposed sales may not occur.
Furthermore, depending on market and other conditions, Carlton Precious Inc. may further decrease its security holdings in Athena as it may determine appropriate. As of the current date, the identity of the current largest shareholder in Athena Gold Corporation is not specified in the available search results.
This announcement comes at a time when Carlton Precious Inc. is actively engaged in the exploration and development of its mineral properties. The company's focus remains on creating value for its shareholders through the discovery and advancement of its projects.
For more information, investors are encouraged to review the full notice filed on Athena's SEDAR+ profile.
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