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Re: News Releases - Monday, November 23, 2009
Atna Announces Gold Participating Bond Offering
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Golden, CO -- Atna Resources Ltd. ("Atna") -- (TSX:ATN) is pleased to
announce that it has engaged Canaccord Adams Limited and CAT Brokerage
AG to arrange a private placement offering (the "Offering") of gold
participating bonds (the "Bonds"). Canaccord Adams Limited will also
act as placing agent in connection with the Offering of the Bonds.
The Bonds, which will mature on December 31, 2013, and will bear
interest at a rate of 10 per cent per annum on the declining balance.
The Bonds will represent a senior unsecured obligation of Atna by way
of a corporate guarantee. The Bonds will be redeemed in sixteen equal
quarterly installments based on a Gold Equivalent Amount. The Gold
Equivalent Amount will be established, at closing, by dividing the
amount of the Offering by the lesser of the London PM fixing price for
gold and the trailing 30 day average London PM fixing price for gold.
The quarterly payments in gold will be converted to participating
interests in a gold exchange-traded fund equivalent to the value of
ounces delivered. It is expected that Atna and the Issuer will enter
into a gold sale agreement to provide for the delivery of gold in
exchange for the participating interests in the gold exchange-traded
fund required to satisfy the scheduled redemptions.
It is anticipated that the amount of gold committed over the term of
the Bonds will represent less than 20 per cent of the average annual
forecast gold production of Atna's wholly-owned Briggs Mine in
California over the term of the Bond. Atna intends to use the proceeds
of the Offering for corporate purposes including the construction and
development of its Reward Gold Mine in Nevada. Closing of the Offering
will be subject to final documentation as well as regulatory and final
board approvals.
"We are very pleased to be able to avail ourselves of this innovative
financing structure, which of the financing alternatives available to
us, delivers what we believe to be the optimum value for our
shareholders. This financing structure, which is non-dilutive to our
share structure, will allow Atna to move towards construction of the
Reward gold project," states James Hesketh, President & CEO.
For additional information on Atna, please visit our website at
www.atna.com.
This news release contains certain "forward-looking statements," as
defined in the United States Private Securities Litigation Reform Act
of 1995, and within the meaning of Canadian securities legislation,
relating to a proposed sale of gold participating bonds and the
proposed use of proceeds. Such statements include, without limitation,
statements regarding the anticipated amount of gold to be committed
under the Bonds and the proposed use of proceeds. Although Atna
believes that such statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Forward-looking
statements are statements that are not historical fact. They are based
on the beliefs, estimates and opinions of Atna's management on the date
the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Atna disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise except as required by
applicable law. Factors that could cause future results to differ
materially from those anticipated in these forward-looking statements
include: Atna's inability to secure subscriptions from subscribers to
complete the proposed gold bond sale in whole or in part, a management
decision to change the use of proceeds based on changing circumstances,
Atna might encounter problems such as the significant depreciation of
metals prices, accidents and other risks associated with mining
exploration and development operations, the risk that Atna will
encounter unanticipated geological factors, Atna's need for and ability
to obtain additional financing, and the other risk factors discussed in
greater detail in Atna's various filings on SEDAR (www.sedar.com) with
Canadian securities regulators and its filings with the U.S. Securities
and Exchange Commission, including Atna's 2008 Form 20-F dated March
31, 2009.
FOR FURTHER INFORMATION, CONTACT:
James Hesketh, President and CEO - (303) 278-8464
Valerie Kimball, Investor Relations - toll free (877) 692-8182
Steve Sharpe / Ryan Cohen, Canaccord Adams Limited - 44 (0) 207 050
6500
www.atna.com
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Copyright (c) 2009 ATNA RESOURCES LTD. (TSX:ATN) All rights reserved.
For more information visit our website at http://www.atna.com/ or send
mailto:info@atna.com
Message sent on Mon Nov 23, 2009 at 5:45:07 AM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : ATN.TO |
ISIN : CA04957F1018 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Atna Resources est une société développant des projet miniers de zinc et d'or basée au Canada. Atna Resources est en développement de projets de zinc, d'or, d'argent, de cuivre et de plomb au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est BRIGGS en USA, son principal projet en développement est WOLVERINE au Canada et ses principaux projets en exploration sont KENDALL GOLD MINE, CONVERSE, ATLANTA (NEVADA), MOUNT EDNA, CLOVER, WOLF PROPERTY, TRAM PROSPECT, SAND CREEK JV, TREE PROPERTY, WHITE BULL, BEOWAWE, TY, UDUK, JARBRIDGE, ECSTALL PROPERTY, CONVERSE & SAND CREEK URANIUM, TRIPLE JUNCTION, GOLDTOOTH - BRIGGS, SEVEN-UP PETE GOLD, COLUMBIA PROPERTY, REWARD PROPERTY, PINSON, MT. EDNA et MCDONALD au Canada et CACHINAL et CELESTE au Chili. Atna Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,4 millions (1,7 millions US$, 1,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 2,56 , et son plus bas niveau récent le 29 décembre 2015 à 0,05 . Atna Resources possède 47 442 200 actions en circulation. |