Tuesday, March 19, 2013

ATAC Resources Ltd. - ATC.v

ATAC Resources Ltd. - ATC.v is advancing the flagship Rackla Gold Project in the Yukon.

The Rackla Gold Project is located 55 km northeast of Keno City covering an area over 1,600 sq km.

On March 19, 2013 the company released NEWS

ATAC Resources Ltd. (TSX-V:ATC) ("ATAC" or "the Company") announces that Agnico-Eagle Mines Limited ("Agnico-Eagle") today entered into a Subscription Agreement with the Company to make an investment of approximately C$13 million in ATAC by way of a non-brokered private placement consisting of Units. Both Boards of Directors have approved the transaction. Upon completion of this transaction, ATAC's cash position will be approximately C$27 million.

Under the terms of the Subscription Agreement Agnico-Eagle will purchase a total of 9,600,000 Units at a price of C$1.35 per Unit. Each Unit will consist of one common share and one-half of one share purchase warrant (each whole share purchase warrant a "Warrant").