NEWS RELEASE
?Not
for distribution to United States wire services or dissemination in the United
States. This news release does not constitute an
offer to sell or a solicitation of an offer to buy any of the securities in the
United States.
The 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?.
Atacama announces $80 million private placement
July 21, 2008? Atacama
Minerals Corp. (?Atacama? or the ?Company?) (TSX Venture: AAM)
reports that it has agreed to sell on a brokered, private placement basis, an
aggregate of up to 80 million common shares of the Company at a price of $1.00
per common share for gross proceeds of up to $80 million. The private
placement will be sold on a best efforts basis by a syndicate co-led by GMP
Securities L.P. and Cormark Securities Inc. and including Haywood Securities
Inc.
A 5% fee will be payable on
a portion of the private placement. Net proceeds of the private placement
will be used towards development of the Company?s nitrate fertilizer operations
and for general working capital purposes.
The private placement is
subject to regulatory approval. Shares issued pursuant to the private
placement will be subject to a four month hold period.
On behalf of the Board,
Edward F. Posey
President and CEO
For further information,
please contact:
Sophia Shane, Corporate
Development (604) 689-7842
This news release contains
forward-looking statements concerning the Company?s plans for its operations.
These forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ materially
from those reflected in the forward-looking statements, including, without
limitation, risks and uncertainties relating to political risks involving the
Company?s exploration and development of its properties, the inherent
uncertainty of cost estimates and the potential for unexpected costs and
expenses, commodity price fluctuations, the inability or failure to obtain
adequate financing on a timely basis and other risks and uncertainties.
Such information contained herein
represents management?s best judgment as of the date hereof based on information
currently available. The Company does not intend to update this information
and disclaims any legal liability to the contrary.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release