| ATAC Resources Ltd. Announces Private Placement to Finance its previously-announced 2016 Exploration Program at the Rackla Gold Project, Yukon | |
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April 19th, 2016
April 19, 2016 - Vancouver, BC - ATAC Resources Ltd. (TSX-V: ATC) ('ATAC' or the 'Company') announces a fully-allocated $3,250,000 private placement, to consist of the sale of 5,000,000 flow-through common shares at a price of $0.65 per share. The proceeds from this private placement, which is subject to regulatory acceptance, will be used to finance ATAC's 2016 exploration program at its Rackla Gold Project in the Yukon, as announced on February 10, 2016. Closing is expected to occur on April 22, 2016.
About ATAC
ATAC is a Yukon-based exploration company focused on developing Canada's only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent work on the 1,700 km project has resulted in a positive Preliminary Economic Assessment for the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of numerous early-stage gold exploration targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well financed with approximately $16 million in its treasury.
On behalf of Management and the Board of Directors
of ATAC Resources Ltd.
Graham Downs, President and CEO
For further information, please contact:
Vanessa Pickering, Manager, Corporate Communications
ATAC Resources Ltd.
T: 604-687-2522 ext. 260
[email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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ATAC Resources Ltd.
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EXPLORATION STAGE |
CODE : ATC.V |
ISIN : CA0464911068 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ATAC is a gold exploration company based in Canada. ATAC holds various exploration projects in Canada. Its main exploration properties are MATSON, HARTLESS JOE/BYNG, NIKKI, PANORAMA PROJECT, ROSY, LOST HORSES, MARS, GOLDEN REVENUE, ARN, DAWSON, CONNAUGHT, SEYMOUR, RAU, IDAHO and RACKLA GOLD BELT in Canada. ATAC is listed in Canada. Its market capitalisation is CA$ 15.4 millions as of today (US$ 12.3 millions, € 10.8 millions). Its stock quote reached its lowest recent point on December 21, 2001 at CA$ 0.05, and its highest recent level on August 05, 2011 at CA$ 9.83. ATAC has 122 870 000 shares outstanding. |