Atna Enters Agreement to Sell its Atlanta Property
June 30 2011 - 5:49PM
PR Newswire (Canada)
GOLDEN, Colo., June 30, 2011 /CNW/ -- GOLDEN, Colo., June 30, 2011
/CNW/ --Atna Resources Ltd. ("Atna" or the "Company") (TSX: ATN/
OTCBB: ATNAF) is pleased to report that it has signed an agreement
to sell 135 unpatented mining claims in the Atlanta District,
Lincoln County, Nevada. The purchase and sales agreement provides
Meadow Bay Gold Corp. (TSX.V: MAY) a twelve month option to
purchase the property. Terms of the agreement include an initial
consideration of US$150,000 and 400,000 shares of Meadow Bay common
stock. The sale will be finalized upon Atna's receipt of the final
US$100,000 payment on or before the first anniversary of the
agreement. In addition, Atna will retain a three percent Net
Smelter Return Royalty of which one percent can be purchased by
Meadow Bay for US$1,000,000 prior to the fifth anniversary. The
sale of the Atlanta claims is consistent with our strategy of
monetizing or joint venturing our non-core property assets, while
retaining long-term exposure to any exploration and development
success that may result from those properties through either
royalty or equity positions. This allows us to focus our efforts on
advancing or optimizing our core development and gold production
properties," states James Hesketh, President & CEO. For
additional information on Atna Resources, please visit our website
at www.atna.com. This press release contains certain
"forward-looking statements," as defined in the United States
Private Securities Litigation Reform Act of 1995, and within the
meaning of Canadian securities legislation relating to potential
exploration and development of the Atlanta claims. Forward-looking
statements are statements that are not historical fact. They are
based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a
number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors,
should change, unless required by law. Factors that could cause
future results to differ materially from those anticipated in these
forward-looking statements include the risk factors discussed in
greater detail in the Company's various filings on SEDAR
(www.sedar.com) with Canadian securities regulators and its filings
with the U.S. Securities and Exchange Commission, including the
Company's 2010 Form 20-F dated March 23, 2011. FOR FURTHER
INFORMATION, CONTACT: James Hesketh, President and CEO - (303)
278-8464 Valerie Kimball, Investor Relations - toll free (877)
692-8182 www.atna.com Web Site: http://http://www.atna.com
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