Deal offers 1 million flow-through common shares at C$2.05 per share
By Devika Patel
Knoxville, Tenn., Nov. 27 - ATAC Resources Ltd. said it has arranged a C$2.05 million non-brokered private placement of stock.
The company will sell 1 million flow-through common shares at C$2.05 each to Strategic Metals Ltd. The price per share reflects a 10.21% premium to the Nov. 26 closing share price of C$1.86.
Proceeds will be used for additional exploration at ATAC's 100% owned 1,700 sq km Rackla Gold Project in central Yukon.
ATAC is a gold exploration company based in Vancouver, B.C.
| Issuer: | ATAC Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2.05 million
|
| Shares: | 1 million
|
| Price: | C$2.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Strategic Metals Ltd.
|
| Pricing date: | Nov. 27
|
| Stock symbol: | TSX Venture: ATC
|
| Stock price: | C$1.86 at close Nov. 26
|
| Market capitalization: | C$188.7 million
|
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