VANCOUVER, BC, Oct. 18, 2021 /CNW/ - ATAC Resources Ltd. (the
"Company" or "ATAC") (TSXV: ATC) (OTCQB: ATADF) is pleased to
announce that it has qualified for trading on the OTCQB® Venture
Market (the "OTCQB") in the United
States operated by the OTC Markets Group Inc. and the
Company's common shares commenced trading today on the OTCQB under
the symbol "ATADF". ATAC's common shares will continue to
trade on the TSX Venture Exchange under the symbol "ATC".
"We are pleased to have commenced trading on the OTCQB.
Over the years we have amassed significant U.S. based
institutional and retail investment interest, and trading on the
OTCQB will further increase our visibility and trading volume in
the U.S.," stated President and CEO, Graham
Downs. "We look forward to engaging a broader audience of
investors as we continue to advance our Nevada and Yukon properties."
The OTCQB offers investors transparent trading in
entrepreneurial and development stage U.S. and international
companies. To be eligible, companies must be current in their
reporting and undergo an annual verification and management
certification process. The OTCQB quality standards provide a strong
baseline of transparency, as well as the technology and regulation
to improve the information and trading experience for investors.
Investors can find real-time level 2 quotes and market information
at https://www.otcmarkets.com/stock/ATADF/overview.
ATAC continues to have full eligibility through the Depository
Trust Company ("DTC"), a subsidiary of Depository Trust &
Clearing Corp. that manages the electronic clearing and settlement
of publicly traded companies in the U.S. DTC eligibility reduces
costs and accelerates the settlement process for U.S. investors and
brokers.
About ATAC
ATAC is a Vancouver-based
exploration company focused on exploring for gold and copper in
Yukon and Nevada. Work on its ~1,700 km2
Rackla Gold Property in Yukon has
resulted in the Osiris Project Inferred Mineral Resource of
1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt),
the Tiger Deposit Measured & Indicated Mineral Resource of
464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a
positive Preliminary Economic Assessment for the Tiger Gold Deposit
(Pre-tax NPV of $118.2M and IRR of
54.5%), and numerous early-stage gold and base metal discoveries.
ATAC is well-financed with approximately $7
million in working capital.
The technical information in this news release has been approved
by Adam Coulter, M.Sc., P.Geo., VP
Exploration for ATAC and a qualified person for the purposes of
National Instrument 43-101.
On behalf of ATAC Resources Ltd.
Graham Downs, President and
CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information"
within the meaning of applicable securities laws. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ
materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
press release. The Company undertakes no obligation to update
forward-looking information, except as required by securities
laws.
Cautionary Note to U.S. Investors concerning estimates of
Measured, Indicated, and Inferred Resources:
The mineral resource estimates included in this press release
have been prepared in accordance with Canadian National Instrument
43-101 – Standards of Disclosure for Mineral Projects. The
United States Securities and Exchange Commission (the "SEC") has
adopted amendments to its disclosure rules to modernize the mineral
property disclosure requirements. U.S. investors are
cautioned that the disclosure the Company provides on its mineral
properties in this news release may be different from the
disclosure that an issuer subject to SEC reporting requirements
would otherwise be required to provide. Therefore, the
information contained in this news release containing descriptions
of the Company's mineral properties may not be comparable to
similar information made public by U.S. companies subject to
reporting and disclosure requirements under the U.S. federal
securities laws and the rules and regulations thereunder.
Additional information about the Tiger Deposit PEA is
summarized in ATAC's February 27,
2020 technical report titled "Technical Report and
Preliminary Economic Assessment for the Tiger Deposit, Rackla Gold
Project, Yukon, Canada", which can
be viewed at www.sedar.com under the ATAC profile or on the ATAC
website at www.atacresources.com. Additional information about the
Osiris Resource Estimate is summarized in ATAC's July 2, 2018 technical report titled "Technical
Report and Estimate of Mineral Resources for the Osiris Project,
Yukon, Canada," which can also be
viewed at www.sedar.com.
SOURCE ATAC Resources Ltd.