VANCOUVER and GOLDEN, CO, March 13 /CNW/ - Atna Resources Ltd. ("Atna")
(TSX:ATN) is pleased to announce today that stockholders of Canyon Resources
Corporation ("Canyon") (AMEX: CAU) have approved the Agreement and Plan of
Merger whereby Atna will acquire all the issued and outstanding shares of
common stock of Canyon. The transaction was approved by a majority of the
outstanding shares of common stock of Canyon at a special meeting of Canyon
stockholders called to consider the transaction.
On November 16, 2007 Atna and Canyon entered into an Agreement and Plan
of Merger whereby each share of Canyon would be exchanged for 0.32 of an Atna
common share. After the transaction, Canyon will become a wholly owned
subsidiary of Atna.
The transaction is expected to close on Tuesday March 18th, 2008.
Additional information concerning the transaction is available in the
registration statement on Form F-4 filed by Atna with the SEC on January 17,
2008, which contains a joint proxy statement/prospectus and other relevant
Except for the statements of historical fact that may be contained
herein, this news release contains "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on the opinions and estimates of
management at the date that the statements are made, and are subject to a
variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking statements. Such factors include, but are not limited to,
risks involved in the exploration and development of mineral properties; the
uncertainties involved in interpreting drilling and other exploration results;
fluctuating commodity prices and exchange rates; the possibility of project
cost overruns or unanticipated costs and expenses; the need to obtain
additional financing and uncertainty as to the availability and terms of
future financing; environmental risks and hazards; and other risks and
uncertainties disclosed in the Company's current Annual Information Form filed
with the Canadian securities regulatory authorities and Form 20-F filed with
the United States Securities and Exchange Commission. The Company undertakes
no obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is cautioned not
to place undue reliance on forward-looking statements.
For further information:
For further information: please visit our website, www.atna.com, or
contact: ATNA RESOURCES LTD., Kendra Johnston, Investor Relations Manager &
Geologist, Tel: (604) 684-2285, E-mail: firstname.lastname@example.org