VANCOUVER – Atlantic Gold Corp. is raising $8 million by issuing flow-through shares in two private placements. The company has several advanced exploration gold projects in Nova Scotia, including the Moose River Consolidated project that is in the early stages of development (see CMJ news, Aug. 31, 2016).
First, Atlantic Gold has issued 4.76 million flow-through common shares at a price of $1.05 each to a group led by National Bank Financial and including Haywood Securities for a gross amount of $5 million. The underwriters have been granted an option to purchase up to an additional 714,000 flow-through shares at the same price.
Separately, the company is making a non-brokered private placement to raise $3 million. It will issue 2.86 million more flow-through shares at the same price. An over-allotment of 428,000 flow-through will also be made available.
For information on all of Atlantic Gold’s projects, please visit www.AtlanticGoldCorporation.com.