Aton Welcomes New Strategic Investor - Seite 2

MEDAF’s Rights

MEDAF has subscribed for 17,500,000 Units representing a 34.17% shareholding in Aton on a non-diluted basis and 43.78% on a partially diluted basis. MEDAF’s subscription agreement includes the following terms:

• MEDAF’s subscription funds will be placed in escrow, to be released to Aton on the receipt of all necessary shareholder and Exchange approvals required due to MEDAF becoming an Insider and a Control Person of the Company (as defined in the policies of the Exchange).
• On closing, MEDAF will have the right to appoint up to three nominees to the board, subject to its shareholding in Aton being greater than 30%. Should its shareholding in Aton be above 20%, but less than 30%, MEDAF will have the right to appoint two nominees to the Aton board. Should its shareholding in Aton be above 10%, but less than 20%, MEDAF will have the right to appoint one nominee to the Aton Board.
• For as long as MEDAF holds a greater than 10% interest in Aton, it shall have the right to participate in future equity financings to maintain its pro-rata shareholding in Aton.
  

MEDAF has advised that the securities it is acquiring in the Offering are being acquired for investment purposes. MEDAF advises that it has a long-term view of the investment and may acquire additional securities of the Company, including on the open market or through private acquisitions, or may sell securities of the Company, including through the open market or through private dispositions, in the future, depending on market conditions, changes to its investment objectives, and/or other relevant factors. 

Aton will issue a further news release when the Offering is closed. It is presently anticipating that the closing will take place in mid to late November due to the Exchange’s requirement to receive MEDAF’s PIF and conduct standard PIF reviews prior to the closing.

About Aton Resources Inc. Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession (“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the Concession. Two historic British gold mines are also located on the Concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralisation. Abu Marawat is 447.7 km2 in size and is located in an area of excellent infrastructure; a four-lane highway, a 220kV power line, and a water pipeline are in close proximity, as are the international airports at Hurghada and Luxor.