Atomic proposes to reprice warrants; grants 650,000 stock options

    TSX-V: ATL
    FRG: MJ7

    VANCOUVER, June 10 /CNW Telbec/ - Atomic Minerals Ltd. (ATL: TSX-V)
announces that it will make an application, subject to TSX Venture Exchange
approval, to reduce the exercise price of certain outstanding warrants from
$0.75 per common share to $0.25 per share. These warrants were originally
issued on June 1, 2007 as part of a private placement of $0.50 units, each of
which consisted of one share of Atomic and one-half of one share purchase
warrant. These warrants expire on June 1, 2009. The proposed repricing of
these warrants is also subject to the approval of all warrantholders, which
Atomic is currently seeking.
    Atomic also announces that it has granted incentive stock options to
certain directors, officers and consultants of the Company to purchase up to
650,000 common shares in the capital stock of the Company pursuant to an
approved share option plan. The options are exercisable at a price of
$0.20 per share on or before June 6, 2013, subject to the approval of the TSX
Venture Exchange.

    About Atomic Minerals


    Atomic holds an option to earn up to a 100% interest in a land package
totalling approximately 3800 square kilometres located in the United Republic
of Tanzania (the "Properties") from Geo Can Resources Company Ltd. ("Geo
Can"). The largest of the Properties are located in south-western Tanzania and
are considered to be part of the "Malawi Extension" based on the location of
the Property relative to blocks earmarked as potentially favourable for
uranium enrichment. The Malawi Extension, located in the Republic of Malawi on
south-west border of Tanzania, hosts the Kayelekera deposit which Paladin
Resources is currently developing into a mine. Other mining companies
exploring in the area include Mantra Resources and Western Metals (both in


    Atomic Minerals Ltd. also holds leases over a total of 932 mining claims
located in both Dolores and San Miguel counties in south-western Colorado,
approximately 30 miles from Denison Mine Corp's White Mesa Mill. Atomic holds
leases over an additional 272 mining claims located in the northern part of
Colorado in Grand County.

    "Warren McIntyre"

    Warren McIntyre

    President and Chief Executive Officer
    Atomic Minerals Ltd.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.

For further information:

For further information: Renmark Financial Communications Inc.: Jason
Roy,; Victoria Stepanova,; (514) 939-3989, Fax : (514) 939-3717,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890