Past year: ▲ 387%(3.80c – 42.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2024capital raising announcement▲ Good
Athena closed the third and final tranche of the offering, raising CAD$131,000 more and completing CAD$1,054,000 total raised -- the last financing before the Libra transaction's Nova Athena redomestication vote scheduled for early 2025.
9 Dec 2024capital raising announcement▲ Good
Athena increased that offering's size to CAD$1,250,000 and closed a second tranche, raising a further CAD$110,000 (2,200,000 units).
What it means for a shareholder
2.2m new shares at about C$0.050 to raise about C$110,000. That's 1.2% dilution: every existing holder's slice gets 1.2% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0108% to 0.0106% of the company. To keep it you'd need 237 more shares - about C$12 at the issue price.
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31 Oct 2024capital raising announcement▲ GoodMajor
Days after agreeing to acquire the Libra Lithium Ontario projects, Athena opened a new CAD$1,000,000 private placement and closed its first tranche -- CAD$600,000 from 12,000,000 units at CAD$0.05 -- raising cash alongside the pending change-of-control transaction.
11 Mar 2024capital raising announcement● Neutral
An amended filing (filed to update exhibits) reports that on January 17, 2024 the company sold 5,000,000 units at CAD $0.04 for CAD $200,000, each with a two-year warrant at CAD $0.05. On January 2, 2024 it also issued 685,564 shares at CAD $0.05 to a creditor to settle a CAD $34,278.02 debt. Proceeds are for working capital. This continues the small, low-priced Canadian-dollar financings.
30 Jan 2024capital raising announcement▼ Bad
Athena raised CDN$200,000 (5,000,000 units at CDN$0.04) -- its lowest per-unit price yet, reflecting a weaker share price -- continuing routine financing.
What it means for a shareholder
5.0m new shares at C$0.040 to raise about C$200,000. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held C$1,000 of shares (25,000 at the issue price), your slice goes from 0.015% to 0.0145% of the company. To keep it you'd need 748 more shares - about C$30 at the issue price.
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4 Jan 2024capital raising announcement● Neutral
Athena issued the 16,546,699 shares agreed on Dec 28, 2023 to 2176423 Ontario Ltd. in exchange for 10 million Nubian Resources shares, completing the cross-holding swap with its former Excelsior Springs partner.
26 Apr 2023capital raising announcement▲ GoodMajor
Athena closed a non-brokered private placement of 14,500,000 units at CDN$0.07 for gross proceeds of CDN$1,015,000. Each unit carried one share and one two-year warrant at CDN$0.10, with proceeds to fund the 2023 Excelsior Springs drill program and general costs.
What it means for a shareholder
14.5m new shares at C$0.070 to raise about C$1.0m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held C$1,000 of shares (14,286 at the issue price), your slice goes from 0.0105% to 0.00949% of the company. To keep it you'd need 1,522 more shares - about C$107 at the issue price.
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31 Jan 2023capital raising announcement▲ Good
Athena granted 250,000 stock options to newly appointed technical advisory committee member George Mannard, a geologist credited with the Louvicourt base-metal discovery -- a credibility addition to the technical team as Excelsior Springs exploration continued.
3 Nov 2022capital raising announcement● Neutral
A second amendment says the private placement closed on October 31, 2022 at CAD $704,616 from 8,807,700 units at CAD $0.08, which is CAD $40,000 more than previously announced because of an extra 500,000-unit subscription. The press release says a company insider bought 860,200 units for CAD $68,816. Each unit carries a warrant at CAD $0.12 for 24 months. This finalises the offering reported in the earlier amendment.
23 Sept 2022capital raising announcement● Neutral
An amended filing reports the final closings of the company's (now Athena Gold) private placement in September 2022. The offering was raised from CAD $500,000 to CAD $650,000, and 8,307,700 units were sold in total for CAD $664,616. Each unit is one share plus a warrant to buy another share at CAD $0.12 for two years. Finder's fees were $14,748 in cash and 184,350 broker warrants, and proceeds are for exploration and working capital. This continues the Canadian-dollar financings that began in 2021.
What it means for a shareholder
8.3m new shares at about US$0.0602 to raise about US$500,000. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held US$1,000 of shares (16,615 at the issue price), your slice goes from 0.0131% to 0.0123% of the company. To keep it you'd need 1,090 more shares - about US$66 at the issue price.
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23 Aug 2022capital raising announcement▲ Good
A further CDN$304,800 raised (3,810,000 units at CDN$0.08) in the first tranche of a new offering, this time sold entirely to non-US investors under Regulation S.
What it means for a shareholder
3.8m new shares at C$0.080 to raise about C$304,800. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.00987% to 0.00958% of the company. To keep it you'd need 376 more shares - about C$30 at the issue price.
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4 May 2022capital raising announcement▲ Good
Athena raised another CDN$500,000 (6,250,000 units at CDN$0.08) via the same Reg D/Reg S structure, paying finder's fees on part of the placement -- ongoing financing for Excelsior Springs exploration.
What it means for a shareholder
6.3m new shares at C$0.080 to raise about C$500,000. That's 5.0% dilution: every existing holder's slice gets 5.0% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.0104% to 0.00991% of the company. To keep it you'd need 652 more shares - about C$52 at the issue price.
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12 Oct 2021capital raising announcement▲ Good
Athena closed the second and final tranche of that Canadian-dollar financing, raising CDN$248,696 more and bringing the total private placement to CDN$748,696.
9 June 2021capital raising announcement▲ GoodMajor
Athena closed the first tranche of a new CAD-denominated private placement -- CDN$500,000 from 6,250,000 units (share plus 3-year warrant) at CDN$0.08 -- its first raise priced in Canadian dollars, reflecting the growing Canadian investor base backing the Excelsior Springs gold story.
What it means for a shareholder
6.3m new shares at about C$0.080 to raise about C$500,000. That's 9.4% dilution: every existing holder's slice gets 9.4% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.0207% to 0.0188% of the company. To keep it you'd need 1,296 more shares - about C$104 at the issue price.
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5 Feb 2021capital raising announcement▲ Good
Freshly relieved of the Langtry-related Gibbs debt, Athena raised a further $97,500 selling 3,250,000 shares at $0.03 to five investors -- ordinary financing to keep the newly gold-focused company funded.
5 Jan 2021capital raising announcement● NeutralMajor
A consolidated year-end filing bundled several transactions: Athena granted Stronghold Silver USA Corp an option (signed Dec 21, 2020) to acquire 100% of 36 unpatented Calico-district claims for $1 million by Dec 2025 -- a new counterparty over the Langtry-area silver ground, agreed just weeks before Athena transferred the entire Langtry-holding subsidiary to lender John Gibbs's TriPower Resources (Jan 14, 2021); how the two transactions interact isn't clear from this filing. Separately, Athena raised $123,000 cash, issued 5,000,000 shares to Nubian Resources under the new Excelsior Springs option, and converted $315,000 of 2012-era Gibbs advances plus $96,500 of accrued Power management fees into 9.1 million more shares -- clearing old insider debt right before the bigger TriPower settlement.
28 June 2018capital raising announcement▼ Bad
Director LeRoy Wilkes converted $16,500 in accrued director's fees into 330,000 shares at $0.05 -- a fraction of 2013's $0.26 price, reflecting years of decline while the Gibbs credit facility kept being extended in the background.
11 Apr 2013capital raising announcement● Neutral
Athena's three directors were granted 200,000 stock options at $0.26/share (the then-market price), vesting immediately -- routine board compensation.
20 Feb 2013capital raising announcement● Neutral
Athena issued 1,000,000 shares (valued at $150,000) to satisfy terms of the first amendment to its Langtry lease/option.
19 July 2012capital raising announcement▼ BadMajor
Athena formalized its insider financing with John Gibbs into the '2012 credit agreement': an unsecured $1 million facility at 5% interest, convertible into stock at $0.50/share, initially due July 2013. This is the facility later referenced through years of extensions and ultimately settled in Jan 2021 by handing Gibbs the entire Langtry-holding subsidiary. Athena also issued 25,000 shares for services.
19 June 2012capital raising announcement● Neutral
Financial consultant John Donaldson converted $26,000 in accrued accounting fees into 100,000 shares.
16 May 2012capital raising announcement▼ BadMajor
Athena converted $286,831 of accumulated promissory notes and advances into 1,147,324 shares -- one of the largest debt-to-equity conversions yet, folding a big chunk of accrued insider financing into equity.
26 Mar 2012capital raising announcement● Neutral
An amended filing says principal shareholder John D. Gibbs made a $25,000 unsecured advance, due on demand, on February 2, 2012. It also says the company sold warrants for 143,000 shares at $0.25 each, exercisable for five years, to GVC Capital under an advisor agreement, for $100. This continues the company's reliance on Gibbs for funding, ahead of the formal credit agreement signed in July 2012.
What it means for a shareholder
143,000 new shares at US$0.250 to raise about US$25,000. That's 0.439% dilution: every existing holder's slice gets 0.439% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0123% to 0.0123% of the company. To keep it you'd need 18 more shares - about US$5 at the issue price.
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9 Feb 2012capital raising announcement● Neutral
Gibbs advanced Athena Minerals another $25,000, and the company issued GVC Capital warrants over 143,000 shares (exercise price $0.25) as a nominal-cost advisory fee, with GVC reallocating them to 14 associated persons.
5 Jan 2012capital raising announcement● Neutral
A further 17,500 shares went to marketing consultant Bill Fishkin in lieu of cash.
9 Sept 2011capital raising announcement● Neutral
Athena signed a $20,000 marketing/website services deal with Accredited Members Inc., paid half in cash and half (16,949 shares) in stock.
2 June 2011capital raising announcement● Neutral
Athena issued 24,000 shares for marketing services and a further 150,000 shares to settle accrued 2010-2011 accounting fees -- continued reliance on stock instead of cash to pay service providers.
7 Apr 2011capital raising announcement● Neutral
Athena issued 375,337 shares to satisfy an option payment due under the March 2010 Langtry lease -- paying its exploration-stage rent in stock rather than cash.
23 Mar 2011capital raising announcement▲ GoodMajor
Athena Silver announced it had completed a $607,500 private placement -- 2,430,000 shares at $0.25, well above the $0.10 price of its 2010 raises -- a step up in both raise size and per-share price suggesting improving investor interest in Langtry.
What it means for a shareholder
2.4m new shares at US$0.250 to raise about US$607,500. That's 7.6% dilution: every existing holder's slice gets 7.6% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0136% to 0.0126% of the company. To keep it you'd need 331 more shares - about US$83 at the issue price.
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18 Nov 2010capital raising announcement● Neutral
An amended filing restates two November 15, 2010 share issues: 2,750,000 shares sold at $0.10 for $275,000 cash to four accredited investors (two affiliated with the company, two not), used for working capital, and 1,000,000 shares valued at $100,000 issued to two company affiliates to settle debt. This continues the small cash raises and debt-for-stock settlements with insiders, and dilutes existing holders.
