By Sheri Kasprzak
New York, Dec. 1 - Atna Resources Ltd. said it has arranged a private placement of special warrants for C$7.02 million.
The company plans to sell 5.2 million special warrants at C$1.35 each.
The special warrants are exchangeable on a one-for-one basis for common shares once a prospectus is filed. If the prospectus is not cleared by Jan. 31, 2006, each special warrant will be exercisable for 1.1 common shares.
A syndicate of underwriters led by Canaccord Capital Corp. and including Haywood Securities Inc. and Pacific International Securities Inc. has an over-allotment option for up to 2.25 million additional special warrants, exercisable for up to two days before closing.
The deal is slated to wrap up on Dec. 15.
Proceeds will be used for exploration and development and for working capital.
Based in Vancouver, B.C., Atna is a mineral exploration and development company.
| Issuer: | Atna Resources Ltd.
|
| Issue: | Special warrants exchangeable on a one-for-one basis for common shares
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| Amount: | C$7.02 million
|
| Special warrants: | 5.2 million
|
| Greenshoe: | For up to 2.25 million special warrants
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| Price: | C$1.35
|
| Warrants: | No
|
| Underwriters: | Canaccord Capital Corp. (lead); Haywood Securities Inc.; Pacific International Securities Inc.
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 15
|
| Stock price: | C$1.52 at close Nov. 30
|
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