On April 26, 2023, Athena Gold Corporation, closed the transaction. The company issued 14,500,000 units at a price of CAD 0.07 for the gross proceeds of CAD 1,015,000. Each Unit consists of one common share in the capital of the company and one common share purchase warrant.

Each warrant is exercisable into one common share at a price of CAD 0.10 per warrant for a period of two years from the date of issuance, subject to the following acceleration provision. In connection with the closing of the offering, the company paid aggregate finder's fees consisting of CAD 7,921.20 cash and 220,303 broker warrants. Each broker warrant is exercisable for one common share in the capital stock of the company on the same terms as the warrants.

The transaction included participation from insiders of 7,221,142 units in the offering for proceeds of CAD 505,480. All securities issued in connection with the offering are subject to a four-month-and-one-day hold period in Canada and are subject to applicable united States hold periods.