ATAC Resources Ltd. Announces AGM Results and the Granting of Incentive Stock Options
May 26, 2017
May 26, 2017 – Vancouver, BC – ATAC Resources Ltd. (TSX-V: ATC) (the “Company”) announces that the following matters were approved at the May 25, 2017 Annual General and Special Meeting of Shareholders:
- setting the number of directors at six;
- the proposed slate of six directors;
- the appointment of Davidson & Company, LLP as the Company’s auditors;
- the renewal of the Company’s Stock Option Plan; and,
- the reconfirmation of the Company’s Shareholder Rights Plan.
ATAC also announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling them to purchase up to a total of 3,115,000 common shares at a price of $0.55 for a period of five years, which options will vest on a quarterly basis commencing three months from the date of grant.
ATAC is a Yukon-based exploration company focused on developing Canada’s only Carlin-type gold district at the Rackla Gold Property. Recent work on the ~1,700 km2 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. ATAC and Barrick recently partnered to explore the Rackla Gold Property’s Orion Project, with Barrick having the option to earn up to 70% of Orion by spending $55 million in exploration. ATAC is well-financed with approximately $22 million in its treasury and will conduct a $10 million, ~15,000 m drilling exploration program at the Osiris and Rau projects in 2017 (which are not subject to Barrick’s earn-in right), while concurrently working with Barrick to advance the Orion Project.
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
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