By Devika Patel
Knoxville, Tenn., Oct. 13 - Atlanta Gold Inc. said it plans to conduct a C$3 million non-brokered private placement of stock. There is a 15% greenshoe.
The company will sell 25 million common shares at C$0.12 apiece.
Proceeds will be used to explore the company's Atlanta gold property in Idaho and for working capital purposes.
Toronto-based Atlanta Gold is a gold exploration company.
| Issuer: | Atlanta Gold Inc.
|
| Issue: | Common shares
|
| Amount: | C$3 million
|
| Greenshoe: | C$450,000
|
| Shares: | 25 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 13
|
| Stock symbol: | Toronto: ATG
|
| Stock price: | C$0.13 at close Oct. 12
|
| Market capitalization: | C$7.22 million
|
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