By Sheri Kasprzak
New York, Dec. 16 - Atna Resources Ltd. said it has concluded a private placement, with a fully exercised greenshoe, for C$10,057,500.
The company issued 7.45 million special warrants, including an over-allotment option for 2.25 million additional special warrants exercised by a syndicate of underwriters led by Canaccord Capital Corp., at C$1.35 each.
The special warrants are exchangeable for common stock on a one-for-one basis once a prospectus is filed. If the prospectus is not cleared by Jan. 31, 2006, each special warrant will be exchangeable for 1.1 common shares.
The syndicate also included Haywood Securities Inc. and Pacific International Securities Inc.
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
|
| Amount: | C$10,057,500
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| Special warrants: | 7.45 million (includes greenshoe for 2.25 million special warrants)
|
| 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. 16
|
| Stock price: | C$1.48 at close Dec. 1
|
| Stock price: | C$2.29 at close Dec. 16
|
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