Atlanta Gold Inc. to Complete $750,000 Private Placement

TORONTO, Nov. 5, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG) (OTCQX: ATLDF) 
announces that it intends to complete a non-brokered private placement of up 
to 15,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to 
$750,000. Each Unit will consist of one common share and one warrant to 
purchase a common share of the Company. Each whole warrant is exercisable for 
a period of 24 months from closing of the offering and will entitle the holder 
to purchase one additional common share at $0.10 for the initial 12 months 
from closing and at $0.15 per share thereafter. The Company has the right to 
accelerate the expiry date of the warrants if the closing price of the 
Company's common shares on the TSX Venture Exchange ("TSXV") exceeds $0.20 for 
20 consecutive days on which the Company's shares trade. Net proceeds from the 
offering will be used to reduce indebtedness and for general working capital 
purposes. 
Certain insiders of the Company may participate in the offering. The Company 
will pay a finder's fee to registrants consisting of an 8% cash commission and 
8% in compensation options, with each compensation option entitling the holder 
to purchase one common share at a price of $0.10 per share for one year. All 
securities issued under the offering will be subject to a four-month statutory 
hold period. 
Completion of the offering is subject to TSXV approval. 
About the Company 
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold 
Corporation, leases, options or ownership interests in its Atlanta properties 
which comprise approximately 2,159 acres (8.74 square kilometers) located 90 
air kilometers east of Boise, in Elmore County, Idaho. A long history of 
mining makes Atlanta very suitable for development of new mining projects. 
The Company is focused on advancing its core asset, Atlanta, towards mine 
development and production. 
Forward-Looking Information 
This news release contains forward-looking information and forward-looking 
statements (collectively "forward-looking statements") within the meaning of 
applicable securities laws with respect to the completion of the offering and 
the use of proceeds therefrom. This statement is based upon the assumption 
that the Company will receive TSXV approval for the issuance of the securities 
and will successfully complete the placement within the time permitted. 
Forward-looking statements involve known and unknown risks, uncertainties and 
other factors that may cause actual results to differ materially from those 
expressed or implied by the forward-looking statements and accordingly, 
readers should not place undue reliance on those statements. Risks and 
uncertainties that may cause actual results to vary include the Company's 
limited financial resources, the potential imposition of additional or varied 
sanctions against the Company's subsidiary by the Court in the U.S. Clean 
Water Act proceedings, changes in general economic conditions or conditions in 
the financial market, the inability to obtain the approval of the TSXV to the 
financing on the terms provided, changes in resource prices and fluctuations 
in currency exchange rates, as well as other risks and uncertainties which are 
more fully described in the Company's annual and quarterly Management 
Discussion and Analysis and in other Company filings made with securities 
regulatory authorities, which are available at www.sedar.com. Readers are 
cautioned that the foregoing lists of risks, uncertainties and assumptions are 
not exhaustive. The forward-looking statements are made as of the date 
hereof. The Company undertakes no obligation to update publicly or revise 
any forward-looking statements contained herein whether as a result of new 
information, future events or otherwise, except in accordance with applicable 
securities laws. 
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 RELEASE. 
Atlanta Gold Inc.: Wm. Ernest Simmons President and CEO Telephone: 
(208)-424-3343 Fax: 208-338-6513 Email:esimmons@atlantagold.com 
Atlanta Gold Inc. Bill Baird Vice President and CFO Telephone: (416) 777-0013 
Fax: (416) 777-0014 E-mail:info@atgoldinc.com 
CHF Investor Relations Juliet Heading Senior Account Manager Telephone: (416) 
868-1079 ext 239 Fax: (416) 868-6198 E-mail:juliet@chfir.com 
SOURCE: Atlanta Gold Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/05/c5198.html 
CO: Atlanta Gold Inc.
ST: Ontario
NI: MNG PCS NASDAQ PVT  
-0- Nov/05/2012 23:30 GMT
 
 
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