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ATHA Energy Corp V.SASK

Alternate Symbol(s):  SASKF

ATHA Energy Corp. is a Canada-based mineral exploration company. The Company is principally engaged in the acquisition, exploration, and evaluation of mineral resources, focusing on uranium projects in the Athabasca Basin, located in Saskatchewan, Canada, and in the Sudbury Mining District, located in Ontario, Canada. It holds a cumulative exploration package in the Athabasca Basin, a prominent basin for uranium discoveries, with approximately 3.4 million acres along with a 10% carried interest portfolio of claims operated by Nexgen Energy Ltd and IsoEnergy Ltd. The Company also has an option to acquire a 100% interest and title to the Golden Rose Property located in northeastern Ontario.


TSXV:SASK - Post by User

Comment by monte8on Dec 07, 2023 9:51am
74 Views
Post# 35772833

RE:LUR's takeover

RE:LUR's takeoverQuite a bit aof information to absorb first thing in the morning. Dilution, this for sure.

Management padding themselves in the back fo a great work they've done, which they haven't done yet!!!   

This really kills me: "ATHA further announces that it has granted an aggregate of 1,600,000 incentive stock options (“Options”) and 1,700,000 restricted share units (“RSUs”) to certain eligible participants under ATHA’s Equity Incentive Plan. Upon vesting, each Option shall be exercisable to acquire one common share for a period of ten years at an exercise price of $1.01. Each RSU, which shall vest on the twelve-month anniversary of the date of issuance thereof, and shall entitle the holder thereof to the issuance of one ATHA Share upon redemption thereof".   Like 10-tears at an exercise price of $1.01, really!!!



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