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Atlanta Gold Corporation - Company Update.


VANCOUVER Vancouver, city, Canada
Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border.
, B.C.--(BUSINESS WIRE)--July 8, 1996--ATLANTA GOLD CORP.(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: AAG AAG Association of American Geographers (Washington, DC)
AAG Assistant Attorney General
AAG Asociación Argentina de Golf
AAG Anti-Aircraft Gun
AAG Assistant Adjutant General
AAG Australian Association of Gerontology
) The Company advises that it is currently in negotiations which could lead to the Company acquiring a group of properties in Indonesia.

In order to finance this acquisition and exploration and development of the properties, the Company proposes to sell by way of private placement, subject to the approval of The Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
, up to 4,495,400 common shares in the capital stock of the Company at a price of $0.35 per common share.

This news release has been issued at the request of The Toronto Stock Exchange. Upon the conclusion of negotiations, the Company will announce details of the transaction.

The Toronto Stock Exchange has neither approved nor disapproved of the contents of this press release.

CONTACT: Atlanta Gold Corporation

Karl Rollke, 604/669-0016

800/663-8947
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 8, 1996
Words:142
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