Loading ...ATAC Acknowledges Receipt of Offer from Victoria Gold Corp.
VANCOUVER, BC, Feb. 13, 2023 /CNW/ – ATAC Resources Ltd. (“ATAC”) (TSXV: ATC) (OTCQB: ATADF) confirms that on January 12, 2023, it received an unsolicited non-binding proposal from Victoria Gold Corp. (“Victoria”) (TSX-V:VGCX) to acquire 100% of the issued share capital of ATAC for $0.12 per ATAC share, payable in Victoria shares (the “Offer”). The Offer represented a 36.4% premium to ATAC’s closing share price at the time of the Offer, as indicated above, was non-binding, and contained numerous deal conditions
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“The Rackla Gold Property represents an immense landholding with no underlying royalties. It encompasses two known mineral districts, with significant gold resources and vast precious, base and critical metals potential. ATAC has been actively exploring in Yukon for over 20 years and has a strong working relationship with Yukon Government and the First Nation of Na-Cho Nyak Dun,” stated Graham Downs, President and CEO. “With over $4 million in cash in our treasury, a strong resource base at Rackla, and compelling discovery potential across our project portfolio, we believe this offer does not reflect the significant value of ATAC.”