TORONTO, Dec. 15, 2014 /CNW/ - Atlanta Gold Inc. (TSXV:
ATG; OTCQX: ATLDF) announces that it is currently in
discussions with Concept Capital Management Ltd. ("CCM"),
the holder of the Company's C$3
million 6% convertible debenture due December 15, 2016, to refinance the
debenture. CCM had previously requested that the debenture be
redeemed on December 15, 2014 in
accordance with the debenture's early redemption provisions.
Management of the Company is confident that the terms of the
refinancing with CCM will be settled very shortly and while
discussions are continuing.
Completion of any refinancing transaction will be subject to the
approval of the TSX Venture Exchange.
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 kilometres) 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.
Forward-Looking Information
This news
release contains forward-looking information and forward-looking
statements (collectively "forward-looking statements") within the
meaning of applicable securities laws with respect to the
refinancing of the Company's debenture. Such are based upon
various assumptions and other factors that management believes to
be reasonable, including that the Company will enter into a
definitive agreement with CCM and receive the requisite approvals
of the TSX Venture Exchange on a timely basis.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results
to differ materially from those expressed or implied by the
forward-looking statements. Risks and uncertainties that may
cause actual results to vary include the ability to conclude in a
timely manner a refinancing agreement on terms acceptable to the
Company and to the holders of the Company's senior secured notes,
the receipt of all requisite approvals to the refinancing from the
TSX Venture Exchange; the ability of the Company to complete
additional financings on acceptable terms; fluctuations in the gold
price and currency exchange rates; changes in general economic
conditions and in the financial markets; as well as other risks and
uncertainties which are more fully described in the Company's
annual and interim management's discussion and analysis and other
filings by the Company with the securities regulatory authorities,
which are available under the Company's profile at
www.sedar.com. Should one or more risks and uncertainties
materialize or should any assumptions prove incorrect, then actual
results could vary materially from those expressed or implied by
the forward-looking statements and accordingly, readers should not
place undue reliance on the forward-looking statements.
Readers are cautioned that the foregoing lists of risks,
uncertainties, assumptions and other factors are not
exhaustive. The forward-looking statements contained herein
are made as of the date hereof and the Company undertakes no
obligation to update publicly or revise any forward-looking
statements contained herein or in any other documents filed with
securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with
applicable securities laws.
To receive Company news via email, contact jeanny@chfir.com and
mention "Atlanta Gold News" in the subject line.
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.