{"id":574272,"date":"2020-09-03T03:48:14","date_gmt":"2020-09-03T03:48:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/"},"modified":"2020-09-03T03:48:14","modified_gmt":"2020-09-03T03:48:14","slug":"aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/","title":{"rendered":"Aton Resources to execute reverse stock split to finance Abu Marawat expansion"},"content":{"rendered":"

Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession, as well as for \u201cgeneral corporate purposes, the Toronto-listed company said in a statement<\/a>. The gold miner plans to issue up to USD 5 mn in a private placement of restricted stocks. Aton received preliminary approval for Egypt's first new gold exploration license in 15 years back in February<\/a>. The license allowed it to explore in the Eastern Desert\u2019s Hamama area for 20 years while retaining rights for the Abu Marawat concession area in the Arabian-Nubian Shield, north of Sukari mine.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession, as well as for \u201cgeneral corporate purposes, the Toronto-listed company said in a statement. The gold miner plans to issue up to USD 5 mn in a private placement of restricted stocks. Aton received preliminary […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[3626,2416,72,7087,373],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574272","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-aton-resources","tag-basic-materials-commodities","tag-enterpriseam","tag-finance","tag-mining","wpautop","entry"],"acf":{"mongo_id":"93aeade6-5890-42ba-98db-96be5de7ce02","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574246],"teaser":"","voice_url":""},"yoast_head":"\nAton Resources to execute reverse stock split to finance Abu Marawat expansion - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aton Resources to execute reverse stock split to finance Abu Marawat expansion\" \/>\n<meta property=\"og:description\" content=\"Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession, as well as for \u201cgeneral corporate purposes, the Toronto-listed company said in a statement. The gold miner plans to issue up to USD 5 mn in a private placement of restricted stocks. Aton received preliminary […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-03T03:48:14+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aton Resources to execute reverse stock split to finance Abu Marawat expansion\",\"datePublished\":\"2020-09-03T03:48:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Aton Resources\",\"Basic Materials + Commodities\",\"EnterpriseAM\",\"Finance\",\"mining\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/\",\"name\":\"Aton Resources to execute reverse stock split to finance Abu Marawat expansion - 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Preliminary sampling has returned positive results after the company identified \u201cancient mining settlements\u201d at both prospects.\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648522,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/aton-resources-provides-exploration-update-for-abu-marawat-concession\/","url_meta":{"origin":574272,"position":1},"title":"Aton Resources provides exploration update for Abu Marawat concession","author":"enterpriseam admin","date":"5 April 2017","format":false,"excerpt":"Gold miner Aton Resources says it has completed 12 holes of the originally planned 14 hole, 2,300 meter diamond drill program at Hamama West at the Abu Marawat concession. \u201cWe believe there is tremendous potential to grow resources at Hamama West and most of the drill holes in this program\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571091,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/egypt-awards-aton-three-year-extension-to-explore-abu-marawat-gold-concession\/","url_meta":{"origin":574272,"position":2},"title":"Egypt awards Aton three-year extension to explore Abu Marawat gold concession","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"The Egyptian Mineral Resources Authority (EMRA) and Oil Ministry have agreed to grant Aton a three-year extension for its exploration of the Abu Marawat gold concession, the company said in a statement (pdf). The extension will give Aton enough breathing room to \u201cmigrate\u201d to the new system that will be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591836,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/","url_meta":{"origin":574272,"position":3},"title":"Aton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"Canadian mining firm Aton Resources has lined up a CAD 300k bridge loan from Ou Moonrider to finance its work in the Abu Marawat concession in Egypt, according to an emailed statement (pdf). The loan carries a 10% annual interest rate. Aton had said in June it discovered two new\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628699,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/aton-resources-sandstorm-sign-usd-2-1-mn-financing-package-to-fund-egypt-operations\/","url_meta":{"origin":574272,"position":4},"title":"Aton Resources, Sandstorm sign USD 2.1 mn financing package to fund Egypt operations","author":"enterpriseam admin","date":"10 May 2018","format":false,"excerpt":"Gold miners Aton Resources and Sandstorm Gold Ltd. have signed a USD 2.1 mn financing packaged to fund more exploration and development work at Aton\u2019s Abu Marawat concession in Egypt, according to Junior Mining Network. The proceeds of the private placement will help \u201cadvance and unlock the value of the\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559061,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/bring-the-bling\/","url_meta":{"origin":574272,"position":5},"title":"Bring the bling","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Aton Resources aims to open Egypt\u2019s second operating gold mine at Hamama this year, CEO Mark Campbell said in a statement on Aton\u2019s website. 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