Atacama private placement CLOSED
August 19, 2008? Atacama Minerals Corp. (?Atacama? or the ?Company?) (TSX Venture: AAM) reports that it
has closed the private placement announced on July 22, 2008. The Company sold
on a brokered and non-brokered private placement basis, an aggregate of
50,025,000 common shares of the Company at a price of $1.00 per common share
for gross proceeds of $50,025,000. The brokered portion of the private
placement was sold by a syndicate of agents co-led by GMP Securities L.P. and
Cormark Securities Inc. and included Haywood Securities Inc. 10,000,000 of the
common shares sold in connection with the private placement were placed by
Trimark Capital Inc.
A 5% fee will be paid on a portion of the private
placement. Net proceeds of the private placement will be used towards
development of the Company?s nitrate fertilizer
operations and for general working capital purposes.
The private placement has received conditional
regulatory approval. Shares issued pursuant to the private placement will be
subject to a four month hold period expiring December 20, 2008.
On behalf of the Board,
Edward F. Posey
President and CEO
For further information,
please contact:
Sophia
Shane, Corporate Development (604) 689-7842
This news release contains forward-looking statements
concerning the Company?s plans for its operations. These
forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those reflected
in the forward-looking statements, including, without limitation, risks and
uncertainties relating to political risks involving the Company?s exploration
and development of its properties, the inherent uncertainty of cost estimates
and the potential for unexpected costs and expenses, commodity price
fluctuations, the inability or failure to obtain adequate financing on a timely
basis and other risks and uncertainties. Such information
contained herein represents management?s best judgment
as of the date hereof based on information
currently available. The Company does not intend to update this information
and disclaims any legal liability to the contrary.
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.