Atlanta Gold Issues Shares in Satisfaction of Debenture Interest
TORONTO, Dec. 14, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces that following receipt of the approval of the TSX Venture Exchange, it has issued 5,148,951 common shares at a deemed price of $0.05 per share pursuant to the terms of the Company's outstanding $3 million 6% convertible debenture, in satisfaction of approximately $257,448 of interest. The shares are subject to a four month hold period expiring April 15, 2013.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometers) 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.
SOURCE Atlanta Gold Inc.
Atlanta Gold Inc.:
Wm. Ernest Simmons
President and CEO
Telephone: (208)-424-3343
Fax: 208-338-6513
Email: esimmons@atlantagold.com
Atlanta Gold Inc.
Bill Baird
Vice President and CFO
Telephone: (416) 777-0013
Fax: (416) 777-0014
E-mail: info@atgoldinc.com
CHF Investor Relations
Juliet Heading
Senior Account Manager
Telephone: (416) 868-1079 ext 239
Fax: (416) 868-6198
E-mail: juliet@chfir.com