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ATHENA RESOURCES LIMITED Capital/Financing Update 2011

Oct 26, 2011

64341_rns_2011-10-26_00526dc3-6dd6-425c-a70d-d3a4f26f882d.pdf

Capital/Financing Update

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63 Lindsay Street Perth WA 6000 p 61 8 9428 2900 f 61 8 9428 2910 e [email protected] www athenaresources.com.au ABN : 69 113 758 900

27 October 2011

Mr Graham Gates Australian Stock Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

ATHENA RESOURCES LIMITED – NON RENOUNCEABLE RIGHTS ISSUE SHARES

We confirm that the Company’s Non Renounceable Rights issue announced on 13 September 2011 has closed and 4,174,672 shares were issued on 25 October 2011 to raise a total of $375,720. Quotation is sought for those shares.

The issued capital of the company following the issue of the Shares is as follows:

Issued Capital Number
Shares 111,205,646
Options exercisable at 8 cents expiring on 30 April
2012
33,770,465

Holding Statements will be despatched on Thursday 27 October 2011.

A distribution schedule and a list of the current top twenty holders of shares is attached as Attachment 1.

E W Edwards Managing Director

Attachment 1

ANALYSIS OF SHAREHOLDING – 26 October 2011 SHARES

1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 – or more
Total on issue
17
54
98
382
157
708
111,205,646

TOP TWENTY SHAREHOLDERS 26 October 2011

TOP TWENTY SHAREHOLDERS 26 October 2011
NAME AND ADDRESS SHARES % RANK
Tied Nominees Pty Ltd 10,230,540 9.20 1
Ishine International Resources Limited 8,300,000 7.46 2
Kelanco Pty Ltd 7,684,352 6.91 3
Mr Andrew Peter Thomson 3,836,250 3.45 4
Mr Paul McMillen 3,311,000 2.98 5
Corridor Nominees Pty Ltd 3,103,375 2.79 6
Orient Global holdings Pty Ltd 2,437,500 2.19 7
Mr Terence Weston 2,387,000 2.15 8
Mr Peter Newcomb 2,340,250 2.10 9
Befavo Pty Ltd 2,120,659 1.91 10
Tandem Technical Consultants Pty Ltd 1,500,000 1.35 11
Indigo Exploration Services Pty Ltd 1,443,750 1.30 12
Julia Edwards Superannuation Pty Ltd 1,342,000 1.21 13
Mr James Goodwin 1,250,000 1.12 14
Orpheo Pty Ltd 1,250,000 1.12 15
Citicorp Nominees Pty Ltd 1,033,790 0.93 16
Mr David Boothey 1,000,000 0.90 17
Tetramin Pty Ltd 1,000,000 0.90 18
Toltec Holdings Pty Ltd 950,000 0.85 19
Palm Trees Pty Ltd 937,500 0.84 20
TOP 20 TOTAL 57,457,966 51.67