Harrington Global Limited

October 27, 2016 16:00 ET

Harrington Global Limited Disposes of Securities of Atacama Pacific Gold Corporation

TORONTO, ONTARIO--(Marketwired - Oct. 27, 2016) - Harrington Global Limited ("Harrington") announced that it, on behalf of Harrington Global Opportunities Fund S.à.r.l. (the "Fund"), which it manages and advises, has today disposed of 6,000,000 common shares ("Common Shares") of Atacama Pacific Gold Corporation ("Atacama") at a price of $0.45 per Common Share (for gross proceeds of $2.7 million) through the facilities of the TSX Venture Exchange.

Prior to the sale, the Fund owned 14,014,267 Common Shares. As a result of the sale, the Fund beneficially owns, and Harrington exercises control and direction over, an aggregate of 8,014,267 Common Shares, representing approximately 11.37% of Atacama's issued and outstanding Common Shares as reported in its management information circular dated August 22, 2016.

The Common Shares were disposed of in the ordinary course of business, for investment purposes only. Depending on market conditions and other factors, Harrington, on behalf of the Fund, may from time to time acquire additional securities of Atacama, or continue to hold or dispose of some or all of the securities of Atacama in the open market, by private agreement or otherwise. In this regard, Harrington may seek to participate in the special warrant financing transaction announced today by Atacama.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

Contact Information

  • For a copy of the early warning report filed in respect of
    the above transactions, please contact:
    Daniel Guy
    1-441-704-6900