Atlantic Gold and Scorpio Gold have agreed to defer payment of the final CAD1 million to 31 July 2012 pending resolution of outstanding issues regarding Scorpio Gold?s title to the Cochrane Hill property.
In addition, directors have placed 13,762,223 shares at an issue price of 3 cents per share to raise $412,866.69 pursuant to Shortfall provisions contained in clause 5.8 of Non-renounceable Rights Issue Prospectus dated 17 April 2012.
Both releases are available on the Announcements page of our website, www.atlanticgold.com.au.
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Julie Fidler, Atlantic Gold NL
Atlantic Gold is a gold development stage company based in .
Atlantic Gold holds various exploration projects in Canada.
Its main asset in production is COCHRANE HILL GOLD DEPOSIT in Canada, its main asset in development is TOUQUOY in Canada and its main exploration properties are COCHRANE HILL and MEGUMA TERRANE in Canada.