Athena Gold (CSE:ATHA) has opted to streamline its operations by merging its wholly owned subsidiary Last Bounty Gold into the company.
The gold explorer says the move allows the company to simplify its corporate structure, reduce administrative and compliance costs, and strengthen operational efficiency.
It adds that this will not have any significant effect on the business and operations of the company.
The merger constitutes a vertical amalgamation under Section 273 of the Business Corporations Act of British Columbia, Canada.
All articles, directors, and officers remain the same as before the amalgamation.
Athena Gold moved its headquarters from Delaware, US, to British Columbia last year.
The company currently holds three gold exploration projects, including two in Ontario: the Laird Lake Project situated in the Red Lake district and the Forester Project in the North Caribou greenstone belt.
Its third project is Excelsior Springs, located near the historic gold mining town of Tonopah in Nevada, US.
Write to Jackson Chen at Mining.com.au
Image: Athena Gold
