NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
November 5, 2009 — ATAC Resources Ltd. (“ATAC” or the “Company”) (TSX-V: ATC) is pleased to announce that it has arranged two non-brokered private placements for gross proceeds of up to $8,200,030 comprising:
- up to 6,666,700 non-flow through units at $0.90 per unit for gross proceeds of up to $6,000,030, with each such unit comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole such warrant is exercisable at a price of $1.25 into one additional common share for a period of two years from closing, provided that, in the event the closing price of ATAC’s shares as traded on the TSX Venture Exchange is $1.40 or greater for 10 consecutive trading days, ATAC may give notice of an earlier expiry of the warrants, in which case they will expire 30 calendar days from the giving of such notice; and
- up to 2,000,000 flow-through shares at a price of $1.10 per share, for gross proceeds of up to $2,200,000.
ATAC may pay finders’ fees in accordance with TSX Venture Exchange policy in respect of the funds raised pursuant to these private placements. Closing of these offerings is subject to receiving required regulatory and TSX Venture Exchange approvals.
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.