By Devika Patel
Knoxville, Tenn., Sept. 15 - Atna Resources Ltd. announced it has arranged a C$1.5 million non-brokered private placement of one-year 12% convertible secured transferable debentures.
Each debenture will be convertible into common shares at C$0.76 per share.
Proceeds will be used for general corporate purposes.
Based in Vancouver, B.C., Atna is a mineral exploration and development company.
| Issuer: | Atna Resources Ltd.
|
| Issue: | Convertible secured transferable debentures
|
| Amount: | C$1.5 million
|
| Maturity: | One year
|
| Coupon: | 12%
|
| Price: | Par
|
| Yield: | 12%
|
| Conversion price: | C$0.76
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 15
|
| Stock symbol: | Toronto: ATN
|
| Stock price: | C$0.81 at close Sept. 14
|
| Market capitalization: | C$67.5 million
|
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