Aton Resources Inc. is pleased to share the thoughts of its President and CEO Mark Campbell on the announced changes to Egypt’s Exploration and Mining Regime. “I have been recently asked if I could give my views on the landmark amendments to the Mining Law and Executive Regulations, as well as my views on what remains to be done,” said Mark Campbell President and CEO. Here is my take on these changes [...]
Aton Resources Inc. is pleased to share the thoughts of its President and CEO Mark Campbell on the company’s accomplishments in 2019. “As we enter the New Year and a new decade, I want to reflect on 2019, which though a challenging year, was in fact a very positive year for Aton, on three fronts. Though we were unable to complete any drilling this past year, we did through our regional geological exploration [...]
Aton Resources Inc. is pleased to update investors on the results of preliminary fieldwork at the Semna East prospect. Semna East is located within the Company’s 100% owned Abu Marawat Concession , approximately 4 km east-southeast of the historic Semna gold mine, in the Eastern Desert of Egypt. Highlights: Aton has completed reconnaissance sampling at the Semna East prospect, first identified during the 2017 [...]
Aton Resources Inc. announces that it has entered into a bridge loan facility with Ou Moonrider. Pursuant to the Facility, the Corporation may borrow up to C$300,000.00 from Moonrider, which Facility is repayable on the earlier of six months from closing, on the occurrence of various standard events of default, or on the closing of any debt or equity financing by the Corporation in an amount in excess of C$ 1.5 million [...]
Aton Resources Inc. is pleased to announce that, in accordance with its Abu Marawat Concession Agreement, between Aton and the Egyptian Government, the Company has submitted its application for an exploitation lease at Hamama and this is being processed by the relevant authorities, including the Egyptian Mineral Resources Authority and The Ministry of Petroleum. This is a formal process mandated by the existing Egyptian [...]
Aton Resources Inc. is pleased to update investors on follow-up fieldwork at the recently discovered Safaga South prospect. Safaga South is located within the Company’s 100% owned Abu Marawat Concession , located in the Eastern Desert of Egypt. Highlights: A second phase of reconnaissance field inspection and selective grab sampling has been undertaken a Safaga South, with a further 36 samples collected; Gold [...]
Aton Resources Inc. announces the retirement of its Vice President of Exploration, Rick Cavaney. It is with a sense of gratitude that Aton Resources announces the retirement of its Vice President of Exploration, Rick Cavaney. Rick has been with Aton since 2016 and previously had been the exploration manager at Centamin and was instrumental in the discovery of the Sukari gold deposit that became the world class Sukari mine [...]
Aton Resources Inc. is pleased to announce the voting results from its annual general meeting of shareholders held on July 31, 2019 . At the Meeting, the shareholders of the Company voted in favour of resolutions: Setting the number of directors at six – 99.89% in favour. Electing as directors of the Company: Bill Koutsouras – 99.90% in favour; Mark W. Campbell – 99.90% in favour; Giles Baynham &ndash [...]
Aton Resources Inc. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement . In the second tranche, a total of 8,700,000 common shares were issued at $0.025 per Share, for proceeds of $217,500, bringing the total funds raised in both tranches of the Private Placement to $1,117,500. “We are pleased to announce that we have closed the second [...]
Aton Resources Inc. is pleased to update investors on 2 new gold mineralised prospects at Safaga South and Wasif, identified and discovered during the Company’s ongoing regional exploration programme . These new targets are both located within the Company’s 100% owned Abu Marawat Concession , located in the Eastern Desert of Egypt. Highlights: A number of ancient mine workings and settlements have been [...]
Aton Resources Inc. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement . In the first tranche, a total of 36,000,000 common shares were issued at $0.025 per Share, for proceeds of $900,000. “We are pleased to announce that we have a closed the first tranche of our $1.5M financing,” commented Mark Campbell, President and CEO. “Aton is [...]
Aton Resources Inc. today announces a non-brokered private placement of up to C$1.5 million through the issuance of up to 60,000,000 common shares of the Company at a price of $0.025 per Share. The Company expects to close the Private Placement on or around May 28, 2019, subject to the TSX Venture Exchange’s approval of a discretionary waiver of the $0.05 minimum pricing requirement. Use of Private Placement [...]