By Devika Patel
Knoxville, Tenn., Oct. 13 - Atlanta Gold Inc. said it plans to conduct a C$3 million non-brokered private placement of stock. There is a 15% greenshoe.
The company will sell 25 million common shares at C$0.12 apiece.
Proceeds will be used to explore the company's Atlanta gold property in Idaho and for working capital purposes.
Toronto-based Atlanta Gold is a gold exploration company.
Issuer: | Atlanta Gold Inc.
|
Issue: | Common shares
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Amount: | C$3 million
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Greenshoe: | C$450,000
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Shares: | 25 million
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Price: | C$0.12
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Oct. 13
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Stock symbol: | Toronto: ATG
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Stock price: | C$0.13 at close Oct. 12
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Market capitalization: | C$7.22 million
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