ATAC Resources Ltd. and the First Nation of the Na Cho Nyak Dun Sign an Exploration Cooperation Agreement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/28/10 -- ATAC Resources Ltd. (TSX VENTURE: ATC) ('ATAC') announces that it has entered into a formal Exploration Cooperation Agreement (the 'Agreement') with the First Nation of the Na Cho Nyak Dun (the 'NND'). The Agreement is relationship building between the parties and provides a framework for future exploration and environmental activities at ATAC's Rau Gold Project.
ATAC also announces that, subject to regulatory acceptance, the NND will participate in a $200,000 private placement with ATAC. 39,000 units at a price of $5.1282 per unit will be sold under the placement. Each unit will consist of one ATAC common share and one share purchase warrant entitling the NND to purchase one additional ATAC common share at a price of $6.00, at any time for a period of three years from closing of the placement. All securities issued as part of the placement will be subject to a four month statutory hold period.
ATAC Resources Ltd.
Graham Downs, CEO
ATAC Resources Ltd.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors.
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.
Contacts:
ATAC Resources Ltd.
Graham Downs
CEO
(604)-687-2522
graham@nordacres.com
www.atacresources.com