NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
July 21, 2010 – ATAC Resources Ltd. (“ATAC”) (TSX-V: ATC) announces that the private placements announced on July 16, 2010 have been increased, subject to regulatory acceptance, to:
- up to 8,420,000 common shares at a price of CDN $1.85, for aggregate subscription proceeds of up to CDN $15,577,000; and
- up to 3,023,000 flow-through common shares at a price of CDN $2.15, for aggregate subscription proceeds of up to CDN $6,499,450.
The proceeds from these private placements will be used to continue exploration on ATAC’s wholly-owned Rau property in the Keno Hill District of central Yukon and for general working capital purposes.
ATAC is a well-funded junior mining company focused on gold. For additional information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC’s website at www.atacresources.com.
Graham Downs, CEO
ATAC Resources Ltd.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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 RELEASE.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.View News Release in PDF