The Prospector News

ATAC Resources Ltd. Announces Closing of C$1M Flow-Through Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

ATAC Resources Ltd. Announces Closing of C$1M Flow-Through Private Placement

 

 

 

 

 

ATAC Resources Ltd. (TSX-V: ATC) (OTCQB: ATADF) is pleased to announce that it has closed a non-brokered private placement consisting of the sale of 11,111,111 “flow-through shares” at a price of $0.09 per share, for total subscription proceeds of $1,000,000.

 

“This financing provides us with additional reserves cash reserves heading into 2023, which could continue to be a challenging gold market,” commented ATAC’s President and CEO, Graham Downs. “Utilizing flow-through dollars for exploration will allow us to conserve our hard dollar reserves. With a strong cash position, we look forward to continuing to advance our copper and gold assets through systematic exploration next season.”

 

The Company paid a finder’s fee of $60,000 to Mine Equities Ltd., an exempt market dealer. All of the securities issued pursuant to this private placement are subject to a hold period in Canada until March 16, 2023.

 

About ATAC

 

ATAC is a Canadian exploration company focused on exploring for gold and copper in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Deposit Indicated Resource of 732,000 oz of gold at 4.12 g/t (in 5.5 Mt) and Inferred Resource of 1,044,000 oz of gold at 3.47 g/t (in 9.4 Mt), the Tiger Deposit Measured & Indicated Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $5 million in working capital.

 

Posted November 15, 2022

Share this news article

MORE or "UNCATEGORIZED"


High-Grade Gold up to 42.3 g/t Confirmed in First Two Drillholes at Bousquet

High-Grade Gold up to 42.3 g/t Confirmed in First Two Drillholes ... READ MORE

July 28, 2025

NexMetals Achieves an Initial 15.2% Head Grade Increase at Selebi North Using Modern Technology Demonstrating High Recoveries and Significant Waste Reduction

NexMetals Mining Corp. (TSX-V: NEXM) (NASDAQ: NEXM) reports initi... READ MORE

July 28, 2025

Midland Announces Closing of $6.1 Million Private Placement with Strategic Investment from Centerra Gold

Midland Exploration Inc. (TSX-V: MD) is pleased to announce the c... READ MORE

July 28, 2025

Antimony Resources Corp. (ATMY) (K8J0) Intersects More Massive Antimony-Bearing Stibnite ("Sb"), Assays up to 14.91% Sb over 3.3 Meters Including a Zone of Massive Antimony-Bearing Stibnite Which Returned 34% Sb over One Meter

Antimony Resources Corp. (CSE: ATMY) (FSE: K8J0) reports that ass... READ MORE

July 28, 2025

Surge Reports Significant Amounts of Critical Minerals Rubidium and Cesium Contained Within its Nevada North Lithium Project

Surge Battery Metals Inc. (TSX-V: NILI) (OTCQX: NILIF) (FSE: DJ5... READ MORE

July 28, 2025

Copyright 2025 The Prospector News