By Devika Patel
Knoxville, Tenn., Feb. 27 - Atlas Minerals Inc. said it has arranged a C$3 million private placement of units.
The company will sell 4,285,714 units of one common share and one half-share warrant at C$0.70 apiece. Each whole warrant will be exercisable at C$1.00 until October 2009.
Proceeds will be used for exploration and general working capital.
Vancouver, B.C.-based Atlas is a capital pool company.
| Issuer: | Atlas Minerals Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 4,285,714
|
| Price: | C$0.70
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | October 2009
|
| Warrant strike price: | C$1.00
|
| Pricing date: | Feb. 27
|
| Stock symbol: | TSX Venture: AMR
|
| Stock price: | C$0.81 at close Feb. 26
|
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