Key Developments: ATAC Resources Ltd (ATADF.PK)
0.95USD
18 Jun 2013
$-0.05 (-5.45%)
$1.01
$1.00
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$0.95
53,880
23,175
$2.99
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Latest Key Developments (Source: Significant Developments)
ATAC Resources Ltd Commences 2013 Rackla Gold Program
ATAC Resources Ltd announced that the 2013 drilling and exploration program has commenced at its 100% owned, 1,700 sq km Rackla Gold Project, Yukon. Initial diamond drilling will focus on expanding high-grade, near-surface Carlin-type gold targets that include Isis East, Sunrise and Anubis Zones; and, Regional exploration will advance existing showings to the drill stage and identify new gold targets throughout the property with an emphasis on the Nadaleen Trend and ten Tier 1 geochemical anomalies surrounding the 2012 Anubis discovery. Full Article
ATAC Resources Ltd Closes $13,000,000 Private Placement With AgniCo Eagle Mines Ltd
ATAC Resources Ltd announced the closing of the $12,960,000 private placement with AgniCo Eagle Mines Ltd (Agnico-Eagle) announced on March 19, 2013, consisting of the sale of 9,600,000 units at a price of $1.35 per unit, each unit consisting of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase one additional common share at a price of $2.10 until September 22, 2014, provided that, in the event the closing price of ATAC's shares as traded on the TSX Venture Exchange exceeds $3.00 for a period of 10 consecutive trading days subsequent to July 23, 2013, ATAC may give notice of an earlier expiry of the warrants, in which case they would expire 30 calendar days from the receipt of such notice. As a result of its participation in this private placement, Agnico-Eagle now owns 8.48% of ATAC's issued and outstanding share capital on an undiluted basis (12.21% on a partially diluted basis if all warrants are exercised). Agnico-Eagle also has a participation right pursuant to which, during the two-year period following the closing of the private placement, and provided it owns more than five percent of the then issued and outstanding common shares of ATAC (taking into account convertible securities owned by Agnico-Eagle), it has the right to participate in certain subsequent equity offerings by ATAC on the same terms as other participants in such offerings in order to maintain its pro-rata investment in ATAC. Full Article
ATAC Resources Ltd Announces CAD13 Million Strategic Investment by Agnico Eagle Mines Ltd
ATAC Resources Ltd (ATAC) announced that Agnico Eagle Mines Ltd has entered into a Subscription Agreement with the Company to make an investment of approximately CAD13 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 CAD27 million. Under the terms of the Subscription Agreement Agnico Eagle will purchase a total of 9,600,000 Units at a price of CAD1.35 per Unit. Each Unit will consist of one common share and one-half of one share purchase warrant. Each Warrant will entitle Agnico-Eagle to purchase one additional common share of the Company at a price of $2.10 for a period of 18 months from closing. The proceeds of the transaction will be used to continue exploration and development of ATAC's Rackla Gold Project in Yukon. Full Article
ATAC Resources Ltd Closes $2,050,000 Flow Through Share Private Placement
ATAC Resources Ltd announced the closing of the $2,050,000 flow-through share private placement with Strategic Metals Ltd. (Strategic) announced on November 27, 2012, consisting of the sale of 1,000,000 flow-through shares at a price of $2.05 per share. As a result of its subscription, Strategic has increased its equity position in ATAC to 10,334,586 shares, representing approximately 9.98% of the 103,553,136 ATAC shares currently issued and outstanding. In addition to the four month hold period prescribed by applicable securities legislation, Strategic has agreed to a voluntary twelve month hold period in respect of the 1,000,000 shares subscribed for, which hold period will expire on November 29, 2013. Full Article
Atac Resources Ltd. Raises $15,661,995 Through Bought-Deal Private Placement
Atac Resources Ltd. announced that it has closed the bought-deal private placement through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd., and including Raymond James Ltd., Scotia Capital Inc., RBC Dominion Securities Inc. and GMP Securities L.P., as originally announced on June 15, 2012. The private placement consisted of the sale by the Company of 3,980,100 Flow-Through Units at a price of $3.30 per Flow-Through Unit and 886,900 Common Share Units at a price of $2.85 per Common Share Unit, for aggregate gross subscription proceeds of $15,661,995. Commissions totalling $936,117 were paid to the underwriting syndicate in connection with the private placement. Each Flow-Through Unit consisted of one flow-through share and one-half of one flow-through share purchase warrant. Each Flow-Through Warrant entitles the holder to purchase one additional flow-through share of the Company at a price of $4.50 until January 5, 2013, provided that, in the event the volume-weighted average price of Company's shares is above $5.00 over a consecutive 10 day period following the expiry of the Hold Period. The net proceeds from the private placement will be used by Company to continue exploration at its 100%-owned Rackla Gold Project in the Yukon, and for working capital purposes. The proceeds raised from the sale of the Flow-Through Units will be used by Company to finance qualified Canadian exploration expenditures on its Canadian resource properties. Full Article
Atac Resources Ltd. To Raise $11.9 Million Through Bought-Deal Private Placement
Atac Resources Ltd. announced that it has entered into an agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd., whereby the Underwriters on a bought-deal private placement basis will purchase for their own account or arrange for substituted purchasers to purchase a combination of 701,755 common share units and 3,000,000 flow-through units from ATAC, at a price of $2.85 per Common Share Unit and $3.30 per Flow-Through Unit for aggregate gross proceeds to ATAC of $11,900,002. Each Common Share Unit will be comprised of one common share and one-half of one common share purchase warrant of the Company. The proceeds raised from the sale of the Common Share Units will be used by the Company to continue exploration at 100%-owned Rackla Gold Project, and for working capital purposes. The proceeds raised from the sale of the Flow-Through Units will be used by the Company to finance qualified Canadian exploration expenditures on Canadian resource properties. It is expected that the closing of the Offering will occur on or about July 5, 2012. Full Article
Atac Resources Ltd. Acquires Remaining 50% Interest In Connaught land-Canada Stockwatch News
Canada Stockwatch News reported that Atac Resources Ltd. has completed an agreement with Klondike Silver Corp. under which Atac will acquire Klondike's 50% interest in the Connaught silver property bringing Atac's total interest in Connaught to 100%. The Connaught property is located in the Dawson mining district in west-central Yukon and lies immediately south of the Sixtymile placer gold camp, approximately 65 kilometres west of Dawson City. Under the terms of a 2009 joint venture agreement, Atac and Klondike each hold a 50% interest in the property. Subject to TSX Venture Exchange acceptance, Atac will issue 75,000 shares to Klondike for its 50 interest in the property. Klondike will not retain any working or royalty interest in the property. Full Article
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