ATHA Energy Issues Shares to Satisfy Debenture Interest

ATHA Energy Corp. has issued 377,073 common shares to Queen's Road Capital Investment Ltd., fulfilling interest obligations on a US$25 million convertible debenture. The shares valued at US$0.663 each cover an interest payment of US$249,999.40.

The interest payment structure comprises cash and shares. Eight percent is settled in cash, while four percent is paid in shares. The share price is determined by the higher of the weighted average trading price over 20 days or the TSX Venture Exchange policy minimum.

This issuance aligns with terms set out in the convertible debenture agreement. ATHA focuses on uranium asset development, holding exploration rights in key regions. The company holds a strategic land package and collaborates with NexGen Energy and IsoEnergy Ltd.