On December 28, 2023, ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA”) announced the completion of its private placement offering of (i) 8,363,710 charitable federal flow-through common shares of ATHA (the “Federal CFT Shares”) at an issue price per Federal CFT Share of $1.57, (ii) 3,636,290 charitable Saskatchewan flow-through common shares of ATHA (the “Saskatchewan CFT Shares”) at an issue price per Saskatchewan CFT Share of $1.75, and (iii) 4,000,000 subscription receipts of ATHA (the “Subscription Receipts”) at an issue price per Subscription Receipt of $1.00 for aggregate gross proceeds of approximately $23.5 million.
The Offering was made through a syndicate of underwriters led by Eight Capital and Canaccord Genuity Corp. as co-lead agents and joint bookrunners and including PI Financial Corp. and Red Cloud Securities Inc. (collectively, the “Underwriters”).
Miller Thomson advised the Underwriters with a team comprised of Mack Hosseinian, Brandon Meyer, Joshua Davis, (Capital Markets & Securities) Lesley Kim (Tax), Sandra Wright, Eugene Yeung and Wendy Wang (Articling Students).
