VANCOUVER, Feb. 4, 2019 /CNW/ - ATAC Resources Ltd. (TSX-V: ATC) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those parties to purchase up to a total of 2,580,000 common shares at a price of $0.30 for a period of five years. All options will vest on a quarterly basis commencing three months from the date of granting.
ATAC is a Yukon-based exploration company focused on developing Canada's only Carlin-type gold district and intrusion related polymetallic targets at the Rackla Gold Property. Work on the ~1,700 km2 property has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit and multiple base metal discoveries. ATAC is well-financed with approximately $10 million in working capital.
On behalf of the Board of Directors of ATAC Resources Ltd.
Graham Downs, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
SOURCE ATAC Resources Ltd.
For further information: Matthew Keevil, VP, Corporate Affairs, ATAC Resources Ltd., T: 604-687-2522 ext. 260, [email protected]