Athena Resources Limited (AU:AHN) has released an update.
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Athena Resources Limited has announced a fully underwritten entitlement offer to raise approximately A$2.7 million, aimed at advancing the Byro Magnetite project and supporting business development. The offer is backed by Fenix Resources Limited, which will convert part of its convertible notes into a significant shareholding in Athena. The funds will also aid in the recruitment of a new CEO and explore opportunities in the Green Steel industry.
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