Aton Resources Shareholder Ups Stake to 61.77%

Aton Resources (TSE:AAN) has released an update.

Aton Resources Inc. has announced a significant move by shareholder OU Moonrider, exercising warrants to acquire 20 million shares at $0.20 each for a total of $4 million. This transaction increases Moonrider’s ownership to approximately 61.77% of Aton’s shares. The action signals a strong vote of confidence in Aton’s prospect, particularly its 100% owned Abu Marawat Concession in Egypt, known for various gold and base metal exploration targets.

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