Atlanta Gold announces application to extend warrant expiry date
/NOT FOR DISTRIBUTION TO UNITED STATES' NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, July 29, 2014 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces that it has applied to the TSX Venture Exchange for approval to extend the expiry dates by one year of 25,733,000 outstanding common share purchase warrants, currently scheduled to expire between October and December of 2014. Of these warrants: 8,333,333 are currently exercisable at $0.10 per share until October 2, 2014 which would be extended to October 2, 2015; 12,120,000 are currently exercisable at $0.15 until November 9, 2014 which would be extended to November 9, 2015; and 5,280,000 are currently exercisable at $0.15 until December 19, 2014, which would be extended to December 19, 2015. The terms of the warrants will otherwise remain unchanged, including the Company's ability to accelerate the expiry dates of the warrants if the closing price of the Company's shares for 20 consecutive days on which the shares trade, exceeds $0.15 for the $0.10 warrants and exceeds $0.20 for the $0.15 warrants.
Insiders of the Company hold 8,263,333 of the warrants to be amended. The extension of the warrant expiry dates is subject to the approval of the TSX Venture Exchange.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometres) located 90 air kilometers east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for development of new mining projects. The Company is focused on advancing its core asset, Atlanta, towards mine development and production.
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SOURCE Atlanta Gold Inc.For further information: Atlanta Gold Inc.: Wm. Ernest Simmons, President and CEO, Telephone: (208)-424-3343, Fax: (208) 338-6513, Email: firstname.lastname@example.org; Atlanta Gold Corporation: Eric J. Berentsen, Vice President, Telephone: (208) 424-3343, Fax: (208) 338-6513, Email: email@example.com; CHF Investor Relations: Jeanny So, Director of Operations, Telephone: (416) 868-1079 ext. 225, Fax: (416) 868-6198, Email: firstname.lastname@example.org