Proceeds fund working capital; Dundee, Sprott Private Wealth assist
By Devika Patel
Knoxville, Tenn., Sept. 10 - Atna Resources Ltd. said it will raise C$5.82 million in a private placement of stock via underwriters Dundee Securities Ltd. and Sprott Private Wealth LP.
The company will sell 36.4 million common shares at C$0.16 per share on a bought-deal basis. The price per share reflects a 15.79% discount to the Sept. 9 closing share price of C$0.19.
Settlement is expected on Sept. 24.
Proceeds will be used for working capital and general corporate purposes.
Based in Golden, Colo., Atna is a gold exploration and development company.
| Issuer: | Atna Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$5,824,000
|
| Shares: | 36.4 million
|
| Price: | C$0.16
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. and Sprott Private Wealth LP
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 24
|
| Stock symbol: | Toronto: ATN
|
| Stock price: | C$0.19 at close Sept. 9
|
| Market capitalization: | C$25.52 million
|
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