Atlantic Gold Corporation
TSX VENTURE : AGB
ASX : AGB

Atlantic Gold Corporation

March 06, 2015 16:37 ET

Atlantic Gold Announces Delisting from Australian Securities Exchange and Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2015) - Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") announces that the Company has now formally been delisted from the Australian Securities Exchange (ASX).

A circular will be published shortly on SEDAR, the Company's website, and mailed to all former holders of CHESS depository interests in respect of the Company's common shares and share purchase warrants (Former CDI Holders) outlining details of the options available to Former CDI Holders in respect of their underlying holdings of common shares and share purchase warrants, including the process for converting those holdings into their name on Atlantic's Canadian share and warrant registers (as applicable), which will allow those common shares and share purchase warrants to be sold on the TSX Venture Exchange.

The Company also announces that the board of directors of the Company has approved the granting, subject to TSX Venture Exchange approval, of 3,790,000 incentive stock options pursuant to the Company's Stock Option Plan to directors, officers, employees, and consultants of the Company. The options are exercisable at a price of $0.255 per share. The options expire on December 6, 2021 and are subject to vesting as follows: 12.5% vesting immmediately and 12.5% each quarter over the next seven (7) quarters.

On behalf of the Board of Directors,

Steven Dean

Chairman and Chief Executive Officer

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.

FORWARD LOOKING DISCLOSURE

This report contains "forward-looking statements". Forward-looking statements include, but are not limited to, statements with respect to the Company's current review of potential mineral project investments and/or acquisitions, the estimation of mineral resources, the timing and content of upcoming programs, the realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; actual results of planned expansion activities; changes in project parameters as plans continue to be refined; future prices of resources; exchange rates for Canadian and U.S. currencies; possible variations in grade or recovery rates, accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this report, the Company has made certain key assumptions, including, but not limited to, the assumptions that merited mineral assets or projects can be acquired and financings are available. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements or information made in this report, except as required under applicable securities legislation.

Contact Information

  • Atlantic Gold Corporation
    Chris Batalha
    CFO and Corporate Secretary
    +1 (778) 375 3127

    Atlantic Gold Corporation
    Wally Bucknell
    Director
    Sydney, Australia
    +61 2 9410 0993