This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Atlanta Gold to arrange $3-million private placement 2009-10-13 14:51 ET - News Release Mr. Bill Baird reports ATLANTA GOLD INC. TO COMPLETE $3.0 MILLION PRIVATE PLACEMENT Atlanta Gold Inc. is intending to complete a non-brokered private placement of up to 25 million common shares at a price of 12 cents per share for gross proceeds of $3.0-million. The company may elect to increase the size of the offering by up to 15 per cent. Proceeds from the offering will be used to explore the company's Atlanta gold property located in Idaho and for working capital purposes. Completion of the offering is subject to stock exchange approvals.
Certain insiders of the company, including members of the board of directors and senior management, will participate in the offering. The company will pay a finder's fee to registrants consisting of an 8-per-cent cash commission and 8-per-cent compensation options, with each compensation option entitling the holder to purchase one common share at a price of 13 cents per share for one year. All securities issued under the offering will be subject to a four-month statutory hold period.
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. | 
Top
Print this Page