Atlanta Gold Convertible Debenture Payments Past Due
12.04.2018 | Business Wire
Atlanta Gold Inc. (the "Company") (TSXV: ATG; OTC Pink: ATLDF) announces payments of principal and interest on the Company’s outstanding Debentures in the aggregate amount of $2,542,000 are past due since April 1, 2018. The Company is in discussions with its Debenture holders to settle the interest and extend the maturity date of the Debentures by two years to April 1, 2020.The Company will advise of the outcome of these discussions as soon as possible.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation (“AGC”), 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.
The Company is also focused on advancing its exploration and processing methods on the Neal Property, which is located approximately 15 miles from Boise, Idaho and comprises approximately 192 acres (0.78 square kilometres). The Neal Property’s geology is similar to that of the Atlanta Project and it provides the Company with all-season access to further refine the processing equipment and procedures. AGC holds a five-year lease on the Neal Property and has staked an additional seven contiguous claims on public land that was open to mineral entry.
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.
Contact
Atlanta Gold Inc.
Allan J. Folk, Chairman and Director
416-596-4578
Fax: 416-596-4546
allan@brantsec.com or
R. David Russell, Interim President and CEO
208-424-3343
Fax: 208-342-1014
rdrogm@gmail.com or
Peili Miao, Chief Financial Officer
Telephone: 416-777-0013
Fax: 416-777-0014
peilimiao@atgoldinc.com