Company sells flow-through shares to finance exploration at Rau Gold
By Devika Patel
Knoxville, Tenn., Feb. 8 - ATAC Resources Ltd. said it plans a private placement of stock. It will raise C$25 million.
The company will sell 3,333,333 flow-through shares at C$7.50 apiece. The price per share is an 8.38% premium to the Feb. 7 closing share price of C$6.92.
Settlement is expected March 8.
The company has agreed to allocate a portion of the offering to investors found by Axemen Resource Capital Ltd. and may agree to similar allocations for other exempt dealers.
Proceeds will be used to continue exploring the Rau Gold Project in the Keno Hill District of central Yukon.
ATAC is a gold exploration company based in Vancouver, B.C.
| Issuer: | ATAC Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$25 million
|
| Shares: | 3,333,333
|
| Price: | C$7.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 8
|
| Settlement date: | March 8
|
| Stock symbol: | TSX Venture: ATC
|
| Stock price: | C$7.03 at close Feb. 8
|
| Market capitalization: | C$637.9 million
|
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