ATW Gold Corp.

ATW Gold Corp.

August 06, 2009 19:49 ET

ATW Closes Non-Brokered Private Placement of $5,900,350

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2009) - ATW Gold Corp. (TSX VENTURE:ATW) ("ATW" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering, originally announced on August 4, 2009, to raise $5,900,350 CDN in funds (the "Offering"). The Offering consists of 11,132,736 Units for a purchase price of $0.53 per Unit, for aggregate gross proceeds of $5,900,350.

Each Unit consists of one common share and one half of one non-transferrable common share purchase warrant of the Company. Each full warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of CDN $0.65 prior to 5:00pm on the two year anniversary of the closing date (the "Closing Date").

A finder's fee of 6% cash, and 8% finder's warrants (the "Finder's Warrants") will be paid on the total proceeds raised, subject to regulatory approval. The Finder's Warrants have the same terms as the warrants of the Offering. All securities issued pursuant to the Private Placement will be subject to a four month hold period from the Closing Date.


Graham Harris, Chairman

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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