ATHA Energy Announces Upsizing of Financing to $22,840,000

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VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) — ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB:SASKF) (“ATHA”) is pleased to announce that, due to strong demand, ATHA has agreed with Eight Capital, as co-lead agent and joint bookrunner with Canaccord Genuity Corp. (together with a syndicate of agents, the “Agents”), to increase the size of its previously announced “best efforts” private placement offering of: (i) a combination of up to 6,400,000 charitable federal flow-through common shares of ATHA (the “ATHA Federal CFT Shares”) and charitable Saskatchewan flow-through common shares of ATHA (the “ATHA Saskatchewan CFT Shares” and, together with the ATHA Federal CFT Shares, the “Offered Shares”) at an issue price of $1.57 per ATHA Federal CFT Share and $1.75 per ATHA Saskatchewan CFT Share (the “CFT Offering”); and (ii) up to 4,000,000 subscription receipts of ATHA (the “Subscription Receipts”) at an issue price of $1.00 per Subscription Receipt (the “SR Offering” and together with the CFT Offering, the “Offering”).

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