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ATAC Resources Ltd. Announces Closing of C$1M Flow-Through Private Placement
ATAC Resources Ltd. Announces Closing of C$1M Flow-Through Private Placement Ca...
About this update from Aterra Metals Inc.
[{"type":"text","content":"\n \n \n \n ATAC Resources Ltd. Announces Closing of C$1M Flow-Through Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 15, 2022\n \n \n /CNW/ - ATAC Resources Ltd. (\"ATAC\") (TSXV: ATC) (OTCQB: ATADF) is pleased to announce that it has closed a non-brokered private placement consisting of the sale of 11,111,111 \"flow-through shares\" at a price of\n \n $0.09\n \n per share, for total subscription proceeds of\n \n $1,000,000\n \n .\n \n \n \n \n \n \n \n \n \n \"This financing provides us with additional reserves cash reserves heading into 2023, which could continue to be a challenging gold market,\" commented ATAC's President and CEO,\n \n Graham Downs\n \n . \"Utilizing flow-through dollars for exploration will allow us to conserve our hard dollar reserves. With a strong cash position, we look forward to continuing to advance our copper and gold assets through systematic exploration next season.\"\n \n \n The Company paid a finder's fee of\n \n $60,000\n \n to Mine Equities Ltd., an exempt market dealer. All of the securities issued pursuant to this private placement are subject to a hold period in\n \n Canada\n \n until\n \n March 16, 2023\n \n .\n \n \n \n About ATAC\n \n \n \n ATAC is a Canadian exploration company focused on exploring for gold and copper in\n \n Yukon\n \n , BC and\n \n Nevada\n \n . Work on its ~1,700 km\n \n 2\n \n Rackla Gold Property in\n \n Yukon\n \n has resulted in the Osiris Deposit Indicated Resource of 732,000 oz of gold at 4.12 g/t (in 5.5 Mt) and Inferred Resource of 1,044,000 oz of gold at 3.47 g/t (in 9.4 Mt), the Tiger Deposit Measured & Indicated Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of\n \n $118.2M\n \n and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately\n \n $5 million\n \n in working capital.\n \n \n On...