Aton announces actions for debt settlement

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company”) announces that it has agreed to settle a total debt of 116,348, CAD$49 (the “Debt”) to directors and employees in exchange for 484,785 common shares (the “Shares”) at a price of $0.24 per share (the “Debt Shares”).

Bill Koutsouras, Acting CEO and Chairman of the Board of Aton, said: “I would like to thank the directors and employees who have chosen to receive the amounts owed to them in Shares. It is a show of confidence in Aton as we continue to move forward aggressively with plans to resume drilling on our projects.”

The equity-for-debt transaction is subject to TSX Venture Exchange approval. All Shares issued will be subject to a four month hold period. No new controlling person will be created as a result of equity-for-debt transactions.

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its wholly-owned Abu Marawat (“Abu Marawat”) concession, located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of the gold mine Centamin’s World Class Sukari. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit to the west, the Abu Marawat deposit to the northeast and the Rodruin advanced exploration prospect south of the concession. Two historic British gold mines are also located on the concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat which show potential for the development of a variety of styles of precious and base metal mineralization. Abu Marawat is 447.7 km away.2 in size and is located in an area of ​​excellent infrastructure; a four-lane highway, 220 kV power line and water main are nearby, as are the international airports of Hurghada and Luxor.

For more information regarding Aton Resources Inc., please visit us at www.atonresources.com or contact:

BILL KOUTSOURAS

interim CEO
Tel: +1 345 525 2512
Email: [email protected]

Note Regarding Forward-Looking Statements

Some of the statements contained in this press release are forward-looking statements. Because forward-looking statements address future events and conditions; by their very nature, they involve inherent risks and uncertainties. The actual results in each case could differ materially from those currently anticipated in these statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

main logo