ATAC Resources Ltd. Announces Flow-Through Share Private Placement
VANCOUVER, BRITISH COLUMBIA, Nov 27, 2012 (Menafn - MARKETWIRE via COMTEX) --ATAC Resources Ltd. announces that it hasnegotiated, subject to regulatory acceptance, a 2,050,000 privateplacement with Strategic Metals Ltd. ("Strategic"), one of ATAC'slargest shareholders. The private placement will consist of the saleof 1,000,000 flow-through common shares at a price of 2.05 pershare. Upon completion of the private placement, Strategic will hold10,334,586 ATAC shares, which will represent approximately 9.98% ofATAC's shares then issued and outstanding. Strategic has also agreedto a voluntary twelve month hold period on the shares to be issuedpursuant to this private placement.
The proceeds from this private placement will be used to financeadditional exploration at ATAC's 100% owned 1,700 sq/km Rackla GoldProject in central Yukon.
ATAC is a well-funded, Yukon-based exploration company focused ondeveloping Canada's only Carlin-type gold discoveries at its 100%owned Rackla Gold Project. For additional information concerning ATACResources Ltd., please visit our website at www.atacresources.com.
On behalf of Management and the Board of Directors of ATAC ResourcesLtd.
Graham Downs, CEO
This news release may contain forward looking statements based onassumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of explorationand other risk factors.
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 NEWSRELEASE.
ATAC Resources Ltd.
Manager, Corporate Communications
604-687-2522 ext. 260
SOURCE: ATAC Resources Ltd.
Copyright 2012 Marketwire, Inc., All rights reserved.