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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)

TWG 3.620

+2.8%

Feb 6 9:30 AM EST

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To: Ronald P. Margraf Sr. who wrote (191)	1/27/1997 2:43:00 PM
From: burner	of 495

Two private placements totalling $650,000 Atlanta Gold Corporation AAG Shares issued 17,981,679 Jan 24 close $0.66 Mon 27 Jan 97 News Release Mr Hermann Darbuch reports The company has closed two non-brokered private placements for a combined total financing of $650,000. The company has agreed to sell by way of private placement one million units at $0.50. Each unit consists of one share and one warrant to subscribe for an additional one million shares for two years at $0.60 in the first year and $0.69 in the second year. The company has agreed to sell by way of private placement a further 211,268 units at $0.71. Each unit consists of one share and one warrant to subscribe for an additional 211,268 shares for two years at $0.71. Proceeds will be used for the exploration programs currently under way on the Berau and Tanjung Satki properties in Indonesia and for general working capital. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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