April 19, 2016 – Vancouver, BC – ATAC Resources Ltd. (TSX-V: ATC) (“ATAC” or the “Company”) announces a fully-allocated $3,250,000 private placement, to consist of the sale of 5,000,000 flow-through common shares at a price of $0.65 per share. The proceeds from this private placement, which is subject to regulatory acceptance, will be used to finance ATAC’s 2016 exploration program at its Rackla Gold Project in the Yukon, as announced on February 10, 2016. Closing is expected to occur on April 22, 2016.
ATAC is a Yukon-based exploration company focused on developing Canada’s only Carlin-type gold district at its 100% owned Rackla Gold Project. 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. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well financed with approximately $16 million in its treasury.
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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