NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ATAC Resources Ltd.
("ATAC" or the "Company") (TSX-V: ATC) is pleased
to announce the closing of the $25 million private placement announced
on February 8, 2011, consisting of the sale of 3,333,333 flow-through
shares at a price of $7.50 per share.
In connection with
the closing of this private placement, ATAC has issued the following
securities in payment of finders� fees:
(a) 56,250 common
shares; and
(b) 166,367
finders� warrants, each entitling the holder to purchase one common
share at a price of $7.75 until August 22, 2012.
All of the
securities issued in connection with the closing of this private
placement, including the securities issued in payment of finders� fees,
are subject to a hold period in Canada until June 23, 2011.
The proceeds from
this private placement will be used to continue exploration on ATAC's
wholly-owned Rau Gold Project in the Keno Hill District of central
Yukon.
ATAC is a
well-funded, Yukon-based exploration company focused on developing
Canada�s only Carlin-type gold discovery at its 100% owned, Rau Gold
Project. For additional information concerning ATAC Resources Ltd.,
please visit our website at www.atacresources.com.
Graham Downs, CEO
ATAC Resources Ltd.
For further
information, please contact:
Vanessa Pickering,
Manager, Corporate Communications
ATAC Resources Ltd.
T: 604-687-2522 ext. 60
vpickering@nordacres.com
This
news release does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities of the Company in the United
States. The Company's securities have not been and will not be
registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
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 RELEASE.
This news release may
contain forward looking statements based on assumptions and judgments
of management regarding future events or results that may prove to be
inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected
results.
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