TORONTO, June 25, 2015 /CNW/ - Atlanta Gold Inc. (the "Company") (TSXV: ATG; OTC Pink: ATLDF) announces that at its annual and special meeting held on June 24, 2015, its shareholders approved the consolidation of the Company's common shares on the basis of one consolidated share for each ten existing shares. The Company's shares will commence trading on a consolidated basis on the TSX Venture Exchange on Monday, June 29, 2015. Shareholders who wish to replace their existing share certificates with certificates for the consolidated shares should follow the instructions included in the letter of transmittal which was mailed to shareholders with the meeting materials. Shareholders requiring letters of transmittal or additional information should contact the Company's Transfer Agent, Equity Financial Trust Company.
The Company's shareholders also approved the issuance by the Company of the C$1,500,000 principal amount convertible debenture to Concept Capital Management Ltd. pursuant to the refinancing agreements previously entered into by the Company as announced in the Company's news release of April 2, 2015. The transaction was approved by over 99% of the shares voted, excluding the votes of shares owned, controlled or directed by Concept Capital Management and its affiliates and associates.
All other items of business before the meeting were also approved.
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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 RELEASE.
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: [email protected]; Atlanta Gold Inc., Peili Miao, Chief Financial Officer, Telephone: (416) 777-0013, Fax: (416) 777-0014, Email: [email protected]; CHF Investor Relations, Catherine D. Hume, Chief Executive Officer, Telephone: (416) 868-1079, Email: [email protected]