ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) has announced that its shares will begin trading on the TSX Venture Exchange at market opening on Mar. 4.
The uranium explorer will delist from the Canadian Securities Exchange at market close on Friday.
“We are very excited to announce ATHA’s listing on the TSXV, anticipated to provide improved access for international investors at the retail and institutional levels,” CEO Troy Boisjoli said.
ATHA also received shareholder approval for its upcoming acquisition of Latitude Uranium Inc. (CSE: LUR) this week. The company says it has obtained the final order from the Ontario Superior Court of Justice in connection with the pending transaction.
“The TSXV listing, concurrent with receipt of the final court approval for the Latitude Uranium transaction, is a momentous achievement,” Boisjoli added. He said this marks a new chapter as the company continues to advance on its overall objective of discovering and developing the world’s next generation of uranium assets.
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ATHA assembles knowledgeable team; Latitude and 92 transaction to close this month
The Athabasca Basin prospector added a series of seasoned team members to its leadership roster this year.
They include Suraj Ahuja, an experienced geologist now serving as a technical advisor for the company; Cliff Revering, former Chief Geologist at Cigar Lake who is now ATHA’s Vice President, Exploration; and Karina Tyne, who has had an assortment of experience in the uranium industry and is now serving as Director of Corporate Affairs.
Furthermore, ATHA just hired Ryan Gaffney to serve as its Senior Vice President, Business Development. He has had an extensive career in finance and the mining industry.
ATHA expects to complete its acquisition of Latitude and 92 Energy Limited (ASX: 92E) by the end of this month. The combined uranium company will become a major influence in the industry. It will have more than 7 million acres of exploration territory throughout Saskatchewan, Nunavut and Labrador.
ATHA will have a C$65 million cash balance to fund its prospecting work and drill programs.
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