02:42:37 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Atlanta Gold Inc
Symbol ATG
Shares Issued 243,012,614
Close 2012-11-30 C$ 0.04
Market Cap C$ 9,720,505
Recent Sedar Documents

Atlanta Gold unit given to April 30 to pay penalty

2012-12-03 08:26 ET - News Release

Mr. Wm. Ernest Simmons reports

IDAHO COURT GRANTS ATLANTA GOLD EXTENSION OF TIME TO PAY PENALTY

The U.S. District Court for the State of Idaho has granted to Atlanta Gold Inc.'s wholly owned subsidiary, Atlanta Gold Corp. (AGC), a six-month extension of the time to pay the $2-million (U.S.) court-imposed penalty from Oct. 31, 2012, to April 30, 2013. The outstanding penalty will bear interest at approximately 10 per cent per annum from Nov. 28, 2012, until it is paid in full. The penalty pertains to AGC's non-compliance with the United States Federal Water Pollution Control Act with respect to treatment of water discharge at the historic 900 level adit located near Atlanta, in Elmore county, Idaho.

The installation and commissioning of an innovative water treatment system have been completed by Atlanta. This new system has allowed AGC to consistently meet the effluent standards over the past few weeks. Management believes this new system will prove useful to others in Idaho who have been having difficulty meeting water effluent standards.

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