New Issue: Atlanta Gold completes C$492,759 tranche of C$5.6 million stock sale

By Devika Patel

Knoxville, Tenn., Feb. 26 - Atlanta Gold Inc. said it raised C$492,759 from the second tranche of a C$5.6 million non-brokered private placement of shares. The deal was announced on Feb. 5 and the company raised C$4.51 million from the first tranche that same day.

The company plans to sell a total of up to 9,180,330 common shares at C$0.61 apiece. In this tranche, Atlanta Gold sold 807,802 shares.

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), Feb. 26 (for C$492,759)
Stock symbol:	Toronto: ATG
Stock price:	C$0.65 at close Feb. 4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.