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VANCOUVER, BC, March 11,
2022 /CNW/ - ATAC Resources Ltd. (TSX-V: ATC) ("ATAC"
or the "Company") is pleased to announce that, subject to
regulatory acceptance, it will increase the size of the
non-brokered private placement previously announced on March 9, 2022. Due to significant investor
demand, the private placement will be increased to up to
C$4,000,000. Up to 25,000,000
flow-through units (the "Units") at a price of $0.16 per Unit will be sold. Each Unit will
consist of one flow-through common share and one-half (1/2) of a
share purchase warrant. Each whole warrant to entitle the
holder to purchase one additional common share at a price of
$0.22 for a period of two years from
closing.
About ATAC
ATAC is a Vancouver-based
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 Project Inferred Mineral Resource of
1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt),
the Tiger Deposit Measured & Indicated Mineral 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 over $5
million in working capital.
On behalf of ATAC Resources Ltd.
Graham Downs, President and
CEO
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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 NEWS
RELEASE.
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Cautionary note
regarding forward-looking statements:
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This press release
may contain "forward-looking information" within the meaning of
applicable securities laws. Readers are cautioned to not place
undue reliance on forward-looking information. Actual results and
developments may differ materially from those contemplated by these
statements. The statements in this press release are made as of the
date of this press release. The Company undertakes no obligation to
update forward-looking information, except as required by
securities laws.
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This news release
does not constitute an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction. Any securities
referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933 (the "Securities Act") and may not
be offered or sold in the United States or to a U.S. person in the
absence of such registration or an exemption from the registration
requirements of the Securities Act and applicable U.S. state
securities laws. The issuer will not make any public offering of
the securities in the United States.
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SOURCE ATAC Resources Ltd.
