Kelowna, British Columbia, August 23, 2022 – Atha Energy Corp. (the “Company”) is pleased to announce that it has completed a non-brokered private placement of 14,400,000 common shares in the capital of the Company (the “Common Shares”) at an offering price of $0.50 per Common Share for aggregate gross proceeds of $7,200,000. The Common Shares will be subject to a statutory hold period ending December 23, 2022 in accordance with applicable securities laws.
About Atha Energy Corp.
The Company was incorporated under the Business Corporations Act (British Columbia) on January 14, 2021 under the name “Inglenook Ventures Ltd.”. On May 30, 2022, the Company changed its name to “Atha Energy Corp”.
ON BEHALF OF THE BOARD OF DIRECTORS:
This news release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.