Atlanta Gold Inc. Completes Initial Tranche of Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN 
THE UNITED STATES/ 
TORONTO, Nov. 9, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) 
announces that it has completed an initial tranche of its previously announced 
$750,000 private placement offering of Units (see news release of November 5, 
2012) for gross proceeds of $606,000. The Company issued 12,120,000 Units at a 
price of $0.05 per Unit, with each Unit consisting of one common share and one 
common share purchase warrant. Each 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 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. 
The Company paid cash finder's fees of $25,280 and issued 505,600 compensation 
options in connection with the initial closing. Each compensation option 
entitles the holder to purchase one common share of the Company at a price of 
$0.10 per share for one year. 
All securities issued on closing of the initial tranche will be subject to a 
four-month statutory hold period, which will expire March 10, 2013. 
Insiders of the Company acquired 1,700,000 Units, representing 14.0% of the 
Units issued. 
The Company anticipates that it will complete the balance of the offering 
within 30 days. 
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 balance of 
the private placement offering and the use of proceeds from the offering. Such 
are based upon assumptions, opinions and analysis made by management in light 
of its experience, current conditions and its expectations of future 
developments, as well as other factors which it believes to be reasonable and 
relevant. These assumptions include those concerning the continued 
availability of adequate financing, no significant decline in existing general 
business and economic conditions, and the level and volatility of the gold 
price. 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, changes in resource prices 
and fluctuations in currency exchange rates, the speculative nature of mineral 
exploration, development and mining, 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. 
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CO: Atlanta Gold Inc.
ST: Ontario
NI: MNG PCS NASDAQ PVT NEWSTK  
-0- Nov/09/2012 21:10 GMT
 
 
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