Atlantic Gold (AGB-V) May Friday 13th 2016 is pleased to announce that pursuant to the terms of its hedging facility of up to 215,000 ounces, the Company has entered into additional gold price hedging contracts (the “Contracts”) covering 25,000 ounces of production from the Company’s Moose River Consolidated Project,
The Contracts were executed on a spot basis of CAD$1,627 per ounce, and will be scheduled out for delivery over the term of the Company’s project loan facility.
The Company was advised on the execution of this program by its debt and hedge advisors, Noah’s Rule.
On behalf of the Board of Directors,
Steven Dean
Chairman and Chief Executive Officer
For further information about Atlantic, please contact:
Chris Batalha (CFO and Corporate Secretary)
+1 604 689-5564
Atlantic Gold Corporation
Suite 3083, Three Bentall Centre
595 Burrard Street, P.O. Box 49298
Vancouver, British Columbia
Canada V7X 1L3
atlanticgoldcorporation.com |
