ATAC Announces Early Expiry of Warrants
August 16, 2007
ATAC Resources Ltd. (TSX-V:ATC) (the “Company”) announces that the 2,200,000 share purchase warrants (“Warrants”) that were issued in connection with the private placement in July 2006 will expire early. 2,000,000 of these warrants are exercisable at $0.30 and 200,000 are exercisable at $0.23. (Please see ATAC’S July 20, 2006 news release for private placement details).
The common shares of the Company closed on the TSX Venture Exchange at prices above $0.45 during the 20 consecutive trading days ended August 15, 2007. In connection with the increased share price, the Company is providing Warrantholders with notice that it is accelerating the expiry time of the Warrants in accordance with the terms of the Warrants. Unless duly exercised, the Warrants will expire at 4:00 pm (Pacific Time) on September 7, 2007.
For further information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC’s website at www.atacresources.com or contact:
Graham Downs, CEO
ATAC Resources Ltd.
ATAC RESOURCES LTD.
Per: Robert C. Carne, President