ATAC Resources Ltd. Receives $4.65 Million Through Exercise of Warrants
August 19, 2009
August 19, 2009 – ATAC Resources Ltd. (TSX-V:ATC) has received $4,650,000 through the exercise of common share purchase warrants. These warrants had an exercise price of $0.50 and an exercise period that expired on August 14, 2009. All of the exercised warrants were granted in conjunction with a financing completed by the Company in August, 2007. ATAC’s current working capital is approximately $5.5 million.
“The additional funds derived from the exercise of these warrants builds on an already healthy treasury that is being used to aggressively explore the Company’s Rau gold property, where several recent drill holes returned impressive gold intercepts, including 24.07 g/t over 28.04 metres.” said Graham Downs, CEO of ATAC.
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.
On behalf of the Board of ATAC Resources Ltd.
Graham Downs, CEO
ATAC Resources Ltd.
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.