New Issue: Atlanta Gold plans C$5.6 million private placement of stock

By Devika Patel

Knoxville, Tenn., Feb. 5 - Atlanta Gold Inc. announced it will conduct a C$5.6 million non-brokered private placement of shares and that it already has raised C$4.51 million on Tuesday.

The company will sell a total of up to 9,180,330 common shares at C$0.61 apiece.

Proceeds will be used for development and working capital purposes.

Atlanta Gold is a Toronto-based gold exploration company.

Issuer:	Atlanta Gold Inc.
Issue:	Common shares
Amount:	C$5.6 million
Shares:	9,180,330
Price:	C$0.61
Warrants:	No
Agent:	Non-brokered
Announcement date:	Feb. 5
Settlement date:	Feb. 5 (for C$4,507,058)
Stock symbol:	Toronto: ATG
Stock price:	C$0.65 at close Feb. 4

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