Atlanta Gold Launches US$8 Million Senior Secured Gold Notes Private Placement

Atlanta Gold Launches US$8 Million Senior Secured Gold Notes Private Placement 
/NOT FOR DISTRIBUTION TO UNITED STATES' NEWSWIRE SERVICES OR DISSEMINATION IN 
THE UNITED STATES/ 
TORONTO, Jan. 31, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) 
announces that it intends to complete a private placement of senior secured 
gold notes ("Gold Notes") for gross proceeds of up to US$8 million. The Gold 
Notes will be sold as part of a Unit, with each Unit consisting of US$1.00 
principal amount Gold Notes and one common share purchase warrant, exercisable 
at C$0.10 per share. Units will be issued in minimum denominations of 
US$100,000. 
The Gold Notes will bear interest of 10% per annum and interest as well as 
principal, amortized at 25%, 35% and 40%, will be repayable annually on 
November 30, 2013, 2014 and 2015, respectively. Principal and interest will be 
repayable in physical gold, or at the election of either the Company or the 
investor, in the cash equivalent thereof based on spot gold prices at the time 
of payment. The number of ounces of gold to be delivered to each investor in 
satisfaction of principal and interest payments will be calculated based on 
Reference Gold Prices per ounce of US$1,300 in Year 1, US$1,200 in Year 2 and 
US$1,100 in Year 3. The Gold Notes will be secured by a limited recourse 
guarantee of the Company's wholly-owned subsidiary, Atlanta Gold Corporation 
("AGC") and the guarantee will be secured by a first ranking mortgage of AGC's 
right, title and interest in the Atlanta Project, located in Idaho U.S.A. 
The warrants will be exercisable at an exercise price of C$0.10 per share 
until November 30, 2015. The Company will have 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 $0.25 for 20 consecutive days on 
which the Company's shares trade. 
Net proceeds from the offering will be used for exploration, excavating and 
test processing of bulk samples, environmental permitting, engineering and 
development in respect of the Atlanta Project, to reduce indebtedness and for 
general working capital purposes. 
Completion of the offering is subject to the approval of the TSX Venture 
Exchange and the execution of definitive documentation. All securities 
issued under the offering will be subject to a four-month statutory hold 
period. Certain insiders of the Company may participate in the offering. 
Mr. Eric Sprott has personally signed a non-binding letter of intent 
reflecting his intention to purchase the first US$2 million of the Units. The 
Company will pay a 4% cash finder's fee to Brant Securities Limited in 
connection with this purchase, subject to regulatory approval. 
"This offering and Eric Sprott's commitment for the first US$2 million of the 
offering represent an important milestone in the development of the Atlanta 
Project providing the potential to finance project development without 
excessive dilution," said Atlanta Gold President and CEO Wm Ernest Simmons. 
"Key objectives are to work closely with the government and local community at 
Atlanta, to establish an environmentally friendly mining project and to 
determine the economic viability to develop the mineral resource in a 
responsible manner." 
The securities offered have not been, and will not be, registered under the 
United States Securities Act of 1933, as amended, or any state securities laws 
and, unless so registered, may not be offered or sold in the United States or 
to U.S. persons except pursuant to an exemption from such registration 
requirements. This news release shall not constitute an offer to sell or the 
solicitation of an offer to buy any securities, nor shall there be any offer 
or sale of securities in any jurisdiction in which such offer, solicitation or 
sale would be unlawful. 
About the Company Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) holds through 
its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or 
ownership interests in its Atlanta properties which comprise approximately 
2,159 acres located (8.74 square kilometres) located 90 air kilometres 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. All statements, other than statements of 
historical fact, are forward-looking statements. We use words such as "may", 
"intend", "will", "should", "anticipate", "plan", "expect", "believe", 
"estimate" and similar terminology to identify forward-looking statements, 
including with respect to the completion of the offering, the participation of 
Mr. Sprott in the financing, the use of proceeds from the offering and the 
payment of the fee to Brant Securities Limited. Such are based upon the 
assumption that the Company will receive the approval of the TSX Venture 
Exchange to the completion of the financing, that definitive documentation 
will be entered into by Mr. Sprott and other investors in a timely manner and 
that the financing will be completed within the time permitted by the 
Exchange. Forward-looking statements involve known and unknown risks, 
uncertainties and other factors that may cause our actual results to differ 
materially from those expressed or implied in 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, but are 
not limited to, the Company's and AGC's limited financial resources; 
fluctuations in resource prices and currency exchange rates; changes in 
general economic conditions and in the financial markets; the implementation 
of additional penalties against AGC should payment of the penalty imposed by 
the Court in respect of water treatment not be achieved in the time permitted; 
as well as other risks and uncertainties which are more fully described in the 
Company's annual and quarterly Management's Discussion and Analysis and in 
other Company filings with securities and regulatory authorities which are 
available at www.sedar.com. Should one or more risks and uncertainties 
materialize or should any assumptions prove incorrect, then actual results 
could vary materially from those expressed or implied in the forward-looking 
statements and accordingly, readers should not place undue reliance on those 
statements. Readers are cautioned that the foregoing lists of risks, 
uncertainties, assumptions and other factors are not exhaustive. The 
forward-looking statements contained in this news release are made as of the 
date hereof and the Company undertakes no obligation to update publicly or 
revise any forward-looking statements contained herein or in any other 
documents filed with securities regulatory authorities, 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 Email:info@atgoldinc.com  
CHF Investor Relations Juliet Heading Senior Account Manager Telephone: (416) 
868-1079 ext. 239 Fax: (416) 868-6198 Email:juliet@chfir.com 
SOURCE: Atlanta Gold Inc. 
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CO: Atlanta Gold Inc.
ST: Ontario
NI: MNG PCS NASDAQ PVT NEWSTK  
-0- Jan/31/2013 14:33 GMT