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Athena Resources Limited (ASX:AHN)

ALERT: Price-sensitive ASX Announcement for AHN
Current share price for AHN : $0.004 0 (0%)+
Announcement
Release
21 May 2026 2:16PM
Price at Release
$0.004
Full Release
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Summary
Athena Resources Limited has scheduled a general meeting for shareholders on June 29, 2026, to discuss several resolutions, including the ratification of previous share placements and the approval of new share issues to directors and major shareholder Fenix Resources. Shareholders will vote on resolutions to issue a total of 25,000,000 shares to directors Peter Jones, Garry Plowright, and John Welborn, as well as 125,000,000 shares to Fenix Resources at a price of $0.004 per share. The meeting will also consider a proposal to consolidate the company's shares in a 20-to-1 ratio, aimed at aligning the company's capital structure with its size and peer group. These resolutions are part of a broader capital raising strategy to support exploration and development activities at the Narryer Project.
Key Points
  • General meeting scheduled for June 29, 2026.
  • Resolutions include ratifying past share placements.
  • Approval sought for issuing shares to directors and Fenix Resources.
  • Directors Peter Jones, Garry Plowright, and John Welborn to receive 25 million shares.
  • Fenix Resources to receive 125 million shares at $0.004 per share.
  • Proposal to consolidate shares in a 20-to-1 ratio.
  • Funds raised will support the Narryer Project exploration and development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.