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Published on 5/18/2007 in the Prospect News PIPE Daily.

New Issue: Atlanta Gold wraps C$3.35 million private placement of shares

By Laura Lutz

Des Moines, May 18 - Atlanta Gold Inc. raised C$270,000 from the final tranche of its previously announced private placement of shares, bringing the total deal size to C$3,349,800.

In total, the company sold 3.722 million common shares at C$0.90 each.

The second tranche included 300,000 shares.

The first tranche, for 3.422 shares, settled on May 18.

Proceeds will be used for exploration and working capital.

Atlanta is a Toronto-based gold exploration company.

Issuer:Atlanta Gold Inc.
Issue:Shares
Amount:C$3,349,800
Shares:3.722 million
Price:C$0.90
Warrants:No
Pricing date:April 16
Settlement date:May 1 (for C$3,079,800); May 18 (for C$270,000)
Stock symbol:Toronto: ATG
Stock price:C$1.25 at close April 16
Stock price:C$1.02 at close May 1
Stock price:C$0.94 at close May 18

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