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13. Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 13 – Subsequent Events

 

Change of Name and Authorized Capital: On January 15, 2021 the Company changed its name from Athena Silver Corporation to Athena Gold Corporation. Concurrently, the Company increased its authorized common stock to 250,000,000 with a par value of $0.0001. No change was made to the authorized preferred stock.

 

Conversion of Accrued Management Fees: On January 1, 2021 the Company agreed to convert outstanding management fees due Mr. Power totaling $96,500 into shares of common stock at a price of $0.045, resulting in the issuance of 2.144,444 shares of the Company’s common stock.

 

Sales of Common Stock: In October 2020 the Company authorized the sale of up to 25,000,000 shares of its common stock at $0.03 per share in private placements. In January and February 2020, the Company has completed the sale of 5,000,000 shares of its common stock in this private placement to six third parties including 250,000 shares sold to Mr. John Gibbs, a related party, resulting in total gross proceeds of $150,000.