From the Wires
ATAC Resources Ltd. Closes $2,050,000 Flow-Through Share Private Placement
By: Marketwired .
Nov. 29, 2012 01:27 PM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/29/12 -- ATAC Resources Ltd. (TSX VENTURE:ATC) announces the closing of the $2,050,000 flow-through share private placement with Strategic Metals Ltd. ("Strategic") announced on November 27, 2012, consisting of the sale of 1,000,000 flow-through shares at a price of $2.05 per share. As a result of its subscription, Strategic has increased its equity position in ATAC to 10,334,586 shares, representing approximately 9.98% of the 103,553,136 ATAC shares currently issued and outstanding.
In addition to the four month hold period prescribed by applicable securities legislation, Strategic has agreed to a voluntary twelve month hold period in respect of the 1,000,000 shares subscribed for, which hold period will expire on November 29, 2013.
ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discoveries at its 100% owned Rackla Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at www.atacresources.com.
On behalf of Management and the Board of Directors of ATAC Resources Ltd.
Graham Downs, CEO
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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