VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2012) - Atlantis Gold Mines Corp. (the "Company") announces that due to current adverse market conditions, it has withdrawn its amended and restated prospectus, dated April 23, 2012.
Access to new capital for resource exploration companies has become extremely difficult and peer valuations and market liquidity in this sector have significantly deteriorated .The Company presently has a working capital deficit, which has been funded in part by advances made by certain members of the Board of Directors. There is no assurance the Company will secure the additional required capital to fund its continuing operations, however, we will explore all possible options and continue to work with our Agent, Macquarie Private Wealth Inc. to prepare for an offering of our securities when market conditions improve.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Terrell, President and Chief Executive Officer
Contact Information:
Michael Terrell
President and Chief Executive Officer
(604) 681-9475
(604) 681-9476 (FAX)