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SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
VANCOUVER, BC, April 1,
2022 /CNW/ - ATAC Resources Ltd. (TSXV: ATC) ("ATAC"
or the "Company") is pleased to announce that it has closed the
private placement originally announced on March 9, 2022, as amended by its news release
dated March 11, 2022. The private
placement consisted of the sale of 25,000,000 flow-through units
(the "Units") at a price of $0.16 per
Unit, for total subscription proceeds of $4,000,000. Each Unit consisted of one
flow-through common share and one-half (1/2) of a share purchase
warrant, with each whole warrant entitling the holder to purchase
one additional common share at a price of $0.22 until March 31,
2024.
The Company paid cash commissions totalling $231,180 and issued a total of 1,444,875 finder
warrants to various finders including Dundee Goodman Merchant
Partners, Marquest Asset Management Inc., Haywood Securities Inc.,
Leede Jones Gable Inc. and Canaccord Genuity Corp. in connection
with the private placement. Each finder warrant entitles the
holder to purchase one common share at a price of $0.22 until March 31,
2024.
All of the securities issued pursuant to this private placement,
including any common shares that may be issued pursuant to the
exercise of the warrants or the finder warrants, are subject to a
hold period in Canada until
August 1, 2022.
About ATAC
ATAC is a Vancouver-based
exploration company focused on exploring for gold and copper in
Yukon, BC and Nevada. Work on its ~1,700 km2
Rackla Gold Property in Yukon has
resulted in the Osiris Project Inferred Mineral Resource of
1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt),
the Tiger Deposit Measured & Indicated Mineral Resource of
464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a
positive Preliminary Economic Assessment for the Tiger Gold Deposit
(Pre-tax NPV of $118.2M and IRR of
54.5%), and numerous early-stage gold and base metal discoveries.
ATAC is well-financed with over $9
million in working capital.
On behalf of ATAC Resources Ltd.
Graham Downs, President and
CEO
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 NEWS RELEASE.
Cautionary note regarding
forward-looking statements:
This press release may contain "forward-looking information"
within the meaning of applicable securities laws. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ
materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
press release. The Company undertakes no obligation to update
forward-looking information, except as required by securities
laws.
This news release does not constitute an offer to sell or
the solicitation of an offer to buy any securities in any
jurisdiction. Any securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933 (the
"Securities Act") and may not be offered or sold in the United States or to a U.S. person in the
absence of such registration or an exemption from the registration
requirements of the Securities Act and applicable U.S. state
securities laws. The issuer will not make any public offering of
the securities in the United
States.
SOURCE ATAC Resources Ltd.