Atlanta Gold Issues Shares in Satisfaction of Senior Secured Note Interest
TORONTO, Sept. 3, 2014 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces that following receipt of the approval of the TSX Venture Exchange, it has issued 9,006,692 common shares at a deemed price of $0.05 per share in satisfaction of accrued interest on its US$4 million principal amount senior secured notes. Two directors of the Company received, in aggregate, 1,125,835 of the shares issued. All of the shares are subject to a four month hold period expiring January 3, 2015. The TSX Venture Exchange has also accepted the amendments to the senior secured notes and accompanying common share purchase warrants as described in the Company's news release of August 26, 2014.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometers) located 90 air kilometers east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for development of new mining projects. The Company is focused on advancing its core asset, Atlanta, towards mine development and production.
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Atlanta Gold Inc.
Contact
Atlanta Gold Inc.: Wm. Ernest Simmons, President and CEO, Telephone: (208)-424-3343, Fax: 208-338-6513, Email: esimmons@atlantagold.com; Atlanta Gold Corporation, Eric J. Berentsen, Vice President, Telephone: (208) 424-3343, Fax: (208) 338-6513, E-mail: eberentsen@atlantagold.com; CHF Investor Relations, Jeanny So, Director of Operations, Telephone: (416) 868-1079 ext 225, Fax: (416) 868-6198, E-mail: jeanny@chfir.com
