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ATHENA RESOURCES LIMITED Capital/Financing Update 2021

Aug 15, 2021

64341_rns_2021-08-15_c20d6f55-be67-4648-89cc-3807c0c7ed62.pdf

Capital/Financing Update

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16 August 2021

The Company Announcements Office Australian Stock Exchange Limited 4 Floor, 20 Bridge Street SYDNEY, NSW 2000

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PLACEMENT OF NON-RENOUNCEABLE ENTITLEMENT OFFER SHORTFALL

Further to its announcement on 9 August 2021, Athena Resources Limited (ASX: AHN) is pleased to announce the placement of shortfall of the pro-rata non-renounceable entitlement offer announced to the market via a prospectus dated 14 July 2021 and subsequently closed on 4 August 2021.

The 255,713,834 shortfall shares have been placed withShareholders who have applied for shortfall shares and third-party investors who have been invited by the Company and CPS, and have subscribed with valid applications for shortfall shares.

The shortfall placement raised $2,045,710.67 before costs.

This announcement was authorised by the Board.

Mr Edmond Edwards Executive Director ATHENA RESOURCES LIMITED

Athena Resources Limited

Level 2 І 46-50 Kings Park Road І West Perth І Western Australia І 6005 PO Box 1970 І West Perth І Western Australia І 6872 Ph +61 (0)8 9307 7902 E [email protected] W athenaresources.com.au

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