/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO, April 16 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces that it
plans to complete a private placement offering of up to 3,722,000 common
shares at a price of C$0.90 per share for maximum gross proceeds of
C$3,349,800. Participating agents will receive a cash commission equal to up
to 6% of the gross proceeds of the offering. Completion of the placement is
subject to TSX approval.
The Company will use the net proceeds of the offering to explore its
Atlanta gold property ("Atlanta") located in Idaho, U.S.A. and for working
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in Atlanta which comprises
1,891 acres and is located 65 miles east of Boise, in Elmore County, Idaho. A
long history of mining makes Atlanta very suitable for the development of new
mining projects. Atlanta was historically mined from at least 24 underground
adits when the gold price was US$20 - $35 per ounce.
The Company is focused on advancing its core asset, Atlanta, towards mine
development and production and on acquiring, exploring and developing other
attractive gold projects.
For further information:
For further information: Bill Baird, Interim CEO, Telephone: (416)
777-0013, Fax: (416) 777-0014, E-mail: firstname.lastname@example.org; Badshah Communications
Group Ltd., Telephone: (604) 408-7522