VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2012) - ATAC Resources Ltd. (TSX VENTURE:ATC) announces that it has negotiated, subject to regulatory acceptance, a $2,050,000 private placement with Strategic Metals Ltd. ("Strategic"), one of ATAC's largest shareholders. The private placement will consist of the sale of 1,000,000 flow-through common shares at a price of $2.05 per share. Upon completion of the private placement, Strategic will hold 10,334,586 ATAC shares, which will represent approximately 9.98% of ATAC's shares then issued and outstanding. Strategic has also agreed to a voluntary twelve month hold period on the shares to be issued pursuant to this private placement.
The proceeds from this private placement will be used to finance additional exploration at ATAC's 100% owned 1,700 sq/km Rackla Gold Project in central Yukon.
ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discoveries at its 100% owned Rackla Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at www.atacresources.com.
On behalf of Management and the Board of Directors of ATAC Resources Ltd.
Graham Downs, CEO
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 NEWS RELEASE.