Published on 11/30/2009 in the Prospect News PIPE Daily.
New Issue: Atlanta Gold takes in C$794,280 in C$3.45 million placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 30 - Atlanta Gold Inc. said it raised C$794,280 in the second tranche of a C$3.45 million non-brokered private placement of stock. The deal priced for C$3 million Oct. 13 with a 15% greenshoe, and the company raised C$2.66 million in the initial tranche on Nov. 13.
The company sold 22,130,998 common shares at C$0.12 apiece in the first tranche. It sold 6,619,000 shares in this tranche.
Proceeds will be used to explore the company's Atlanta gold property in Idaho and for working capital.
Toronto-based Atlanta Gold is a gold exploration company.
Issuer: | Atlanta Gold Inc.
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Issue: | Common shares
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Amount: | C$3.45 million
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Shares: | 28,749,998
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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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Settlement date: | Nov. 13 (for C$2,655,720), Nov. 26 (for C$794,280)
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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$11 million
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