ATHA Energy (“ATHA”) has announced a convertible debt financing and a concurrent private placement, comprising a US$20m (~C$27.7m) unsecured convertible debenture placement with Queen’s Road Capital Investment Ltd. (“QRC”) and a C$25m LIFE flow-through placement at C$1.02/sh, with an over-allotment option lifting potential proceeds to ~C$28.8m. The debentures carry a 12% coupon (8% cash, 4% shares), with QRC holding a two-year option to subscribe for a further US$20m at 130% of the prevailing sh ....
