Canadian Mining Journal

News

BOUGHT DEAL: Atac raises $15.7M for Rackla gold project

YUKON – Atac Resources of Vancouver has closed a $15.7-million bought deal private placement. The bulk of the proceeds will be used to explore the company’s Rackla gold project 55 km northeast of Keno City.



YUKON – Atac Resources of Vancouver has closed a $15.7-million bought deal private placement. The bulk of the proceeds will be used to explore the company’s Rackla gold project 55 km northeast of Keno City.

The private placement was made through a syndicate of underwriters led by Macquarie Capital Markets Canada. It consisted of nearly 4 million flow-through units at a price of $3.30 each and 886,000 common share units at a price of $2.84 each.

Atac is the sole owner of the Rackla project. It made a grassroots discovery in 2006 and has expanded its land holdings along a 160-km corridor. The company is exploring the Rau and Nadaleen trends. Seven areas of Carlin-type gold mineralization have been identified within the Nadaleen trend. At the Rau trend, the Tiger zone is of primary interest.

Additional information is posted at AtacResources.com.