Atlanta Gold announces completion of two non-brokered private placements.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. , British Columbia--(BUSINESS WIRE)--The Company is pleased to announce the closing of two non-brokered private placements for a combined total financing of $650,000. The Company has agreed to sell by way of private placement 1,000,000 units in the capital stock of the Company at a price of $0.50 per unit. Each unit consists of one share and one warrant entitling the holder to subscribe To sign up for a service. Contrast with unsubscribe. See opt-in and syndication format. (messaging) subscribe - To request to receive messages posted to a mailing list or newsgroup. In contrast to the mundane use of the word this is often free of charge. for up to an additional 1,000,000 shares in the stock of the Company for two years at a per share price of $0.60 in the first year and $0.68 in the second year. The Company has agreed to sell by way of private placement a further 211,268 units at a price of $0.71 per unit. Each unit consists of one share and one warrant entitling the holder to subscribe for up to an additional 211,268 shares in the stock of the Company for a period of two years at a per share price of $0.71. Subscription proceeds will be used for the exploration programs currently underway on the Berau and Tanjung Batki properties in Indonesia Indonesia (ĭn'dənē`zhə), officially Republic of Indonesia, republic (2005 est. pop. 241,974,000), c.735,000 sq mi (1,903,650 sq km), SE Asia, in the Malay Archipelago. and for general working capital purposes. -0- The Toronto Stock exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved of the contents of this press release. CONTACT: ATLANTA Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. GOLD CORPORATION Hermann Hermann, d. A.D. 21: see Arminius. Derbuch Chairman, President and Chief Executive Officer Tel: (604) 669-0016 Fax: (604) 687-6755 |
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