Atomic Minerals Ltd.

Atomic Minerals Ltd.

June 04, 2007 09:30 ET

Atomic Closes Qualifying Transaction and Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2007) - Atomic Minerals Ltd. ("Atomic" or the "Company") (TSX VENTURE:ATL.P)(FRANKFURT:MJ7) is pleased to announce that it has closed as its Qualifying Transaction the acquisition of all of the outstanding shares of 0754257 B.C. Ltd., which holds leases over a total of 1204 mining claims located in the State of Colorado (see our 43-101 report on SEDAR), which are believed to host uranium deposits.

Atomic also concurrently closed its private placement of 12,460,000 units at a price of $0.50 per unit. The private placement was brokered as to $4.0 million (Blackmont Capital Inc. and J.F. Mackie & Company Ltd. acted as co-lead agents) and non-brokered as to $2.23 million. Each unit consists of one common share and one-half of a transferable share purchase warrant. Each whole warrant is exercisable to purchase an additional common share of Atomic at a price of $0.75 per share for a period of two years from the date of issuance. All warrants will be subject to an accelerated expiry provision at a price of $1.25.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Atomic Minerals Ltd.
    Warren McIntyre
    Chief Executive Officer
    (604) 639-2866
    (604) 662-3904 (FAX)