Michael Gentile Acquires Significant Stake in Aeonian Resources

Aeonian Resources Corp. has successfully closed its non-brokered private placement, raising $800,400. This was achieved through the issuance of 20,010,000 units priced at $0.04 each. Strategic investor Michael Gentile now holds a 19.55% stake in the company following his purchase of 11,950,000 units. On a partially diluted basis, his ownership is 32.71%.

Gentile is recognized for his strategic investments in the junior mining sector. His involvement is seen as a vote of confidence in Aeonian's potential to discover sediment-hosted copper systems in British Columbia. The funds raised will be directed towards the company's exploration activities, particularly the Koocanusa Property, and general working capital.

Chairman Terry Salman acquired an additional 625,000 units, increasing his holdings to 3,558,000 shares or 5.82% of the company. The securities from this offering are subject to a hold period as per Canadian securities laws.