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Published on 12/6/2004 in the Prospect News PIPE Daily.

New Issue: Atna Resources closes private placement for C$4.004 million

By Sheri Kasprzak

Atlanta, Dec. 6 - Atna Resources Ltd. said Monday it wrapped up a private placement for C$4.004 million.

The offering was closed with an over-allotment option for 3.64 million units for a total of 7.28 million units at C$0.55. The units consist of one share and one half-share warrant. The warrants allow for an additional share at C$0.70 for one year.

Canaccord Capital Corp. was the placement agent in the deal.

Atna, based in Vancouver, B.C., is a gold exploration company. The company plans to use the proceeds for the exploration and development of its properties and for general working capital.

Issuer:Atna Resources Ltd.
Issue:Units of one share and one half-share warrant
Amount:C$4.004 million
Shares:7.28 million units
Price:C$0.55
Warrants:One half-share warrant per unit
Warrant expiration:One year
Warrant strike price:C$0.70
Placement agent:Canaccord Capital Corp.
Settlement date:Dec. 6
Stock price:C$0.78 at close Dec. 6

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