SOURCE: ATAC Resources Ltd.

ATAC Resources Ltd.

April 19, 2016 17:02 ET

ATAC Resources Ltd. Announces Private Placement to Finance Its Previously-Announced 2016 Exploration Program at the Rackla Gold Project, Yukon

VANCOUVER, BC--(Marketwired - April 19, 2016) -  ATAC Resources Ltd. (TSX VENTURE: ATC) ("ATAC" or the "Company") announces a fully-allocated $3,250,000 private placement, to consist of the sale of 5,000,000 flow-through common shares at a price of $0.65 per share. The proceeds from this private placement, which is subject to regulatory acceptance, will be used to finance ATAC's 2016 exploration program at its Rackla Gold Project in the Yukon, as announced on February 10, 2016. Closing is expected to occur on April 22, 2016.

About ATAC

ATAC is a Yukon-based exploration company focused on developing Canada's only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent work on the 1,700 km2 project has resulted in a positive Preliminary Economic Assessment for the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of numerous early-stage gold exploration targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well financed with approximately $16 million in its treasury.

On behalf of Management and the Board of Directors 
of ATAC Resources Ltd.

Graham Downs, President and CEO 
For further information, please contact:

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 NEWS RELEASE. 

Contact Information

  • Vanessa Pickering
    Manager, Corporate Communications 
    ATAC Resources Ltd. 
    T: 604-687-2522 ext. 260 
    info@atacresources.com