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ATAC Resources Ltd. Announces Increase in Private Placement Offering due to Strong Demand
ATAC Resources Ltd. Announces Increase in Private Placement Offering due to Strong Demand...
About this update from Aterra Metals Inc.
[{"type":"text","content":"\n \n \n \n ATAC Resources Ltd. Announces Increase in Private Placement Offering due to Strong Demand\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 /NOT FOR DISSEMINATION OR DISTRIBUTION IN\n \n THE UNITED STATES\n \n AND NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES/\n \n \n \n VANCOUVER, BC,\n \n June 9, 2021\n \n /CNW/ - ATAC Resources Ltd. (TSXV: ATC) (\"ATAC\" or the \"Company\") is pleased to announce that, subject to regulatory acceptance, it will increase the size of the unit portion of the private placement previously announced on\n \n June 3\n \n , 2021.  Due to significant investor demand from institutions and strategic investors, the unit portion of the private placement will be increased from\n \n $1,505,000\n \n to up to\n \n $2,520,000\n \n by the sale of up to 14,400,000 units at a price of\n \n $0.175\n \n per unit, with each unit to consist of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant to entitle the holder to purchase one additional common share at a price of\n \n $0.24\n \n for a period of three years from closing.  There will be no change in the amount up to\n \n $504,000\n \n to be raised by the sale of up to 2,400,000 flow-through units at a price of\n \n $0.21\n \n per flow-through unit.\n \n \n \n \n \n \n \n \n \n \n About ATAC\n \n \n \n ATAC is a\n \n Vancouver\n \n -based exploration company focused on exploring for gold in\n \n Yukon\n \n 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 Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 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 $6 million\n \n in working capital.\n \n \n \n The securities referred to in this news release ...