Atacama Pacific Gold Corp. (TSX.V: ATM) ("Atacama Pacific") announces that it has filed a final short form prospectus in the provinces of British Columbia, Alberta and Ontario and obtained a receipt from the securities regulatory authorities qualifying the distribution of 12,777,778 units of Atacama Pacific ("Units"). Each Unit will be comprised of one Atacama Pacific common share and one half of one Atacama Pacific common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Atacama Pacific common share at the exercise price of $0.60 at any time on or before November 17, 2018.
The Units are being issued in connection with the special warrant financing led by Mackie Research Capital Corporation, pursuant to which Atacama Pacific sold and issued 12,777,778 special warrants at a price of $0.45 per special warrant for gross proceeds of $5.75 million on November 17, 2016.
All of the previously issued special warrants will now be deemed exercised for Units at 5:00 p.m. (Toronto time) on December 23, 2016. The agent for the special warrants, TSX Trust Company, will give notice of the deemed exercise to the holders of the special warrants. Certificates representing the special warrants must be surrendered to the agent for the special warrants in exchange for certificates representing the Atacama Pacific common shares and Warrants issued upon such deemed exercise.
Source: Atacama Pacific Gold
