July 4, 2003 – ATAC Resources Ltd. announces that it has negotiated, subject to regulatory acceptance, a $50,000 private placement with certain directors, to consist of 500,000 units at a price of $0.10 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of $0.10 for a period of one year from closing. The proceeds from this private placement will be used for working capital purposes.
For more information regarding ATAC Resources or its projects please contact Tom Corcoran, Corporate Communications Manager at 604-688-2568, toll free at 1-866-886-2568 or email: [email protected]
ATAC RESOURCES LTD.
Per: W. Douglas Eaton, President.
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