TORONTO, Dec. 7 /CNW/ - Lloyd I. Miller, III , the investment advisor to Trust A-4 ("Trust A-4"), the manager of the general partner of Milfam II L.P. ("Milfam II"), the trustee to a certain grantor retained annuity trust by the name of Milgrat I (V6) ("Milgrat V6") and settlor of an individual retirement account for Lloyd I. Miller, III ("LIM IRA") has acquired ownership of 2,115,750 common shares ("Shares") of Atna Resources Ltd. ("Atna"), 1,057,875 of which were acquired through Milfam II and 1,057,875 of which were acquired through Trust A-4. The Shares were acquired through the facilities of the Toronto Stock Exchange for US $0.5946 per Share or Cdn $0.6005 per Share (based on the Noon Bank of Canada exchange rate), representing approximately 2.1% of the currently issued and outstanding Shares.
As a result of the acquisition of the 2,115,750 Shares, Trust A-4, Milfam II, Milgrat V6 and LIM IRA own or have control or direction over 3,398,791, 6,440,799, 1,837,817 and 10,304 Shares, respectively. These Shares represent 3.44%, 6.53%, 1.86% and 0.01%, respectively, of the total number of outstanding Shares. Mr. Miller owns, or exercises control or direction over, an aggregate of 11,687,711 Shares representing approximately 11.85% of the outstanding Shares.
The Shares have been acquired by Mr. Miller for investment purposes only and not with the purpose of influencing the control or direction of Atna. Mr. Miller may, subject to market conditions, make additional purchases or sales of Shares.
For further information: For further information:
For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, please contact:
Lloyd I. Miller, III
4550 Gordon Drive
Naples, Florida 34102
Telephone: (239) 262-8577
Facsimile: (239) 262-8025