Press release from Marketwire
ATAC Resources Ltd. Announces Grant of Agents' Option in Flow-Through Private Placement
Thursday, March 20, 2014
ATAC Resources Ltd. Announces Grant of Agents' Option in Flow-Through Private Placement16:15 EDT Thursday, March 20, 2014
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 20, 2014) -
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
ATAC Resources Ltd. ("ATAC" or the "Company") (TSX VENTURE:ATC) announces that the $6,000,000 flow-through private placement of up to 3,333,333 flow-through units at a price of $1.80 each announced on March 13, 2014 (the "Offering") could be increased by up to 25% in the event of the exercise in full of the agents' option, entitling the syndicate of agents led by Macquarie Capital Markets Canada Ltd. and including Raymond James Ltd. and Axemen Resource Capital Ltd., to sell up to an additional 833,333 flow-through units on the same terms as disclosed in ATAC's March 13, 2014 news release.
It is still expected that the closing of the Offering will occur on or about March 27, 2014, and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the acceptance of the TSX Venture Exchange.
ATAC Resources Ltd. is a Yukon-based exploration company focused on developing Canada's only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent exploration on the 1,700 sq/km project has resulted in the delineation of the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of over 40 early-stage gold exploration targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-positioned with over $19 million in its treasury.
On behalf of Management and the Board of Directors of ATAC Resources Ltd.
Graham Downs, CEO
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by mean of a prospectus containing detailed information about the company and management, as well as financial statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This news release contains forward-looking statements under applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements about our proposed financing and the proposed use of proceeds, are forward looking statements. Specifically, the Offering is subject to certain conditions including the acceptance of the TSX Venture Exchange. There are no assurances that the Offering will be completed, in whole or in part, on the current terms or at all. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the results from our exploration programs, global financial conditions and volatility of capital markets, uncertainty regarding the availability of additional capital, uncertainty regarding acquisition opportunities, fluctuations in commodity prices; title matters; and the additional risks identified in our filings with Canadian securities regulators on SEDAR (available at www.sedar.com). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
FOR FURTHER INFORMATION PLEASE CONTACT:
ATAC Resources Ltd.
Manager, Corporate Communications
604-687-2522 ext. 260