Atlanta Gold Inc. (TSXV:ATG) announced a private placement of a senior secured note for gross proceeds of $600,000 with existing lender, Concept Capital Management Ltd. on May 12, 2015. The notes will bear interest of 10% per annum and will be repayable at the rate of 25%, 35% and 40% on August 31, 2016, 2017 and 2018, respectively. The investor received options exercisable until August 31, 2018 to purchase an aggregate of 627 troy ounces of gold at $1,100 per ounce.
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- News Atlanta Gold Inc.
- Atlanta Gold Inc. announced that it has received $0.6 million in funding from Concept Capital Management Ltd.