June 17, 2009 — ATAC Resources Ltd. (“ATAC”) (TSX-V: ATC) is pleased to announce the closing of a non-brokered private placement of $1,137,400, consisting of the sale of 3,159,443 flow-through units (“FT Units”) at $0.36 each (as originally announced on June 1, 2009 as a $1,080,000 private placement). Each FT Unit consisted 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 flow-through common share at a price of $0.50 until June 15, 2011. The proceeds from this private placement will be used to continue exploration on ATAC’s mineral properties.
A total of $250,000 of the subscription proceeds for the FT Units was advanced by the MineralFields Group, and in connection with the closing disclosed above, ATAC has issued to Limited Market Dealer Inc. finder’s options entitling it to purchase up to 55,555 units at a price of $0.36 per unit until June 15, 2011, each unit to consist of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant to entitle it to purchase one additional common share at a price of $0.50 until June 15, 2011.
All of the securities issued in connection with the closing of this private placement, including the securities issued in payment of the finder’s fee, are subject to a hold period in Canada until October 16, 2009.
About MineralFields, Pathway and First Canadian Securities(r)
MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about the MineralFields Group is available at www.mineralfields.com. First Canadian Securities (r) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (r).
For additional information concerning ATAC or its various exploration projects please visit www.atacresources.com or contact Graham Downs at 604-687-2522.
ATAC RESOURCES LTD.
Per: Graham Downs, CEO
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.
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 beyond its control, and actual results may differ materially from the expected results.