Atna Resources Ltd. Announces $2.0 Million Private Placement
August 11, 2014 (Source: CNW) — Atna Resources Ltd. (“Atna” or the “Company”) (TSX:ATN) is pleased to announce that it has entered into an agreement to place on a non-brokered private placement basis 15,380,000 units of the Company (the “Units”) at a price of $0.13 per Unit for total gross proceeds of $1,999,400 (the “Private Placement”). Each Unit will comprise (i) one common share of Atna (a “Common Share”) and (ii) one share purchase warrant of Atna (a “Warrant”). Each whole Warrant will entitle the Purchaser to acquire, on payment of C$0.18, one additional Common, subject to customary adjustments, for a period of three years following the closing of the Private Placement.
The Private Placement is expected to close by August 20, 2014. All securities issued in the Private Placement will be subject to a four month hold period. The Private Placement is subject to a number of conditions, including, without limitation, receipt of the acceptance of the Toronto Stock Exchange. The net proceeds will be used for working capital and general corporate purposes.
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For additional information on Atna, its mining, development and exploration projects, please visit our website at www.atna.com.
Forward-Looking Statement Cautions:
This press release contains certain “forward-looking statements within the meaning of Canadian securities legislation, relating to a proposed private placement. Such statements include, without limitation, statements regarding the need to secure regulatory approvals in order to complete the closing and the proposed use of the net financing proceeds. Although the Company believes that it will complete the closing and execute on its current business and development plans, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by the securities laws and stock exchange policies applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, the Company’s inability to secure required stock exchange approvals or other events that could delay or prevent completion of the proposed financing, in whole or in part, or a management decision to change the use of proceeds based on changing circumstances. The reader is urged to refer to the Company’s disclosure record, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of the principal risk factors associated with the Company’s business.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
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