Atlanta Gold completes refinancing and additional financing 

 

August 26, 2015

On August 26, 2015, Atlanta Gold Inc. (Atlanta Gold) completed the refinancing of C$3,250,000 of existing indebtedness and completed additional secured debt financings of C$1,340,000. Under the terms of the refinancing, Concept Capital Management Ltd. received a US$1.5million senior secured note and a C$1.5million secured convertible debenture of Atlanta Gold. The additional financings consisted of the issuance of US$600,000 of senior secured notes (completed in May 2015) and the issuance of C$550,000 of secured convertible debentures.

Atlanta Gold was represented on the transaction by McMillan LLP with a team led by Paul Collins and that included David Thring (financial services) and Adam Kline (capital markets).

Atlanta Gold is focused on advancing its Atlanta Gold Project, comprised of approximately 8.74 square kilometres located 90 air kilometers east of Boise, Idaho, toward mine development and production. Atlanta Gold is listed on the TSX Venture Exchange.