An anonymous director reports
ATCO MINING ANNOUNCES PRIVATE PLACEMENT FOR UP TO $1,000,000
Atco Mining Inc. will conduct a non-brokered private placement for gross proceeds of up to $1-million.
The offering will consist of up to 10 million units of the company at a price of 10 cents per unit with each unit comprising one common share of the company and one share purchase warrant of the company, entitling the holder to acquire one additional share at a price of 15 cents for a period of 24 months.
The company intends to use the net proceeds raised from the offering for exploration expenses in respect of the company's existing exploration projects and for general working capital purposes.
All securities issued in the offering will be subject to a statutory four-month-and-one-day hold period. Closing of the offering is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange. The company may pay finders' fees to eligible third parties in consideration for the introduction of subscribers to the offering.
About Atco Mining Inc.
Atco Mining is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco Mining is also exploring for sulphide-rich volcanic-hosted massive sulphide deposits in Saskatchewan, as well as salt opportunities in western Newfoundland.
We seek Safe Harbor.
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