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Atacama Minerals Corp
TSX-V AAM.V 0,16 CA$ 0,00%
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PRIVATE PLACEMENT CLOSED

Publié le 20 août 2008

 

Atacama private placement CLOSED

 

August 19, 2008? Atacama Minerals Corp. (?Atacama? or the ?Company?) (TSX Venture: AAM) reports that it has closed the private placement announced on July 22, 2008. The Company sold on a brokered and non-brokered private placement basis, an aggregate of 50,025,000 common shares of the Company at a price of $1.00 per common share for gross proceeds of $50,025,000. The brokered portion of the private placement was sold by a syndicate of agents co-led by GMP Securities L.P. and Cormark Securities Inc. and included Haywood Securities Inc. 10,000,000 of the common shares sold in connection with the private placement were placed by Trimark Capital Inc.

 

A 5% fee will be paid 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 has received conditional regulatory approval. Shares issued pursuant to the private placement will be subject to a four month hold period expiring December 20, 2008.

 

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.

 

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