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VANCOUVER, BC, March 9, 2022 /CNW/ – ATAC Resources Ltd. (TSXV:ATC) (“ATAC” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) of up to C$3,000,000. The Offering will consist of the sale of up to 18,750,000 flow-through units (the “Units”) at a price of $0.16 per Unit. Each Unit will consist of one flow-through common share and one-half (1/2) of a share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.22 for a period of two years from closing.
“This financing supports our 2022 exploration program in BC and Yukonwhich will be anchored by 2,000 m of diamond drilling at the Osiris Gold Deposit and 5,000 m of reverse circulation drilling at the Connaught Copper Property,” commented Graham DownsATAC’s President and CEO. “Funds will also be used to ramp up exploration at our recently acquired PIL Property in British Columbiain the heart of the Todoggone region, with a phase 1 geophysical program in early summer, and a phase 2 drill program in the fall. …
Full story available on Benzinga.com
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