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Aton Announces Bridge Loan and Operations Update31.03.2021 | 20:52 Uhr | GlobeNewswire
VANCOUVER, March 31, 2021 - Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") announces that it has entered into an additional bridge loan (the "Loan") with OU Moonrider ("Moonrider"), a significant shareholder of the Corporation. The Loan The Corporation has borrowed C$2,000,000 from Moonrider, which Loan is repayable on the earlier of six months from closing, on the occurrence of various standard events of default, or on the closing of any debt or equity financing by the Corporation in an amount in excess of C$5.0 million. The Loan will bear interest at a rate of 12% per annum, payable when the Loan is due. Moonrider will be issued 8,510,638 bonus warrants with an exercise price of $0.235 per share and an expiration date of March 31, 2022. The bonus warrants are subject to the approval of the TSX Venture Exchange. Operations Update The Corporation has commenced the process of evaluating drilling contractors and civil works contractors in preparation for drilling to commence at Hamama and Rodruin. The Loan proceeds has put the Corporation in a position to finalize and sign commitments with such contractors and resume drilling in advance of completion of an equity financing. The proceeds of the Loan will be used by the Corporation for ongoing working capital expenses, finalizing a drill contract, acquisition of critical capital items required, completion of civil works in preparation to commence drilling, such as constructing roads, drill pads, constructing a new exploration camp at the Corporation's Rodruin project and resuming the drilling program. "I would like to thank OU Moonrider for their continued support of Aton," said Bill Koutsouras, Aton's Chairman of the Board. "This bridge loan strengthens our capital position to continue with all work required to commence our next drilling program, while we continue our ongoing discussions with potential strategic investors to evaluate other financing alternatives available to the Corporation. It also avoids a significantly dilutive equity financing being completed at this time". About Aton Resources Inc. Note Regarding Forward-Looking Statements Dieser Artikel stammt von Rohstoff-Welt.de
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