ATAC Resources Ltd.

  • Date: 2016-01-21

Download Original Document

ATAC Resources Ltd. announces the granting of incentive stock options and the surrender for cancellation of certain incentive stock options January 21, 2016 - Vancouver, B.C. - ATAC Resources Ltd. (TSX-V: ATC) (“ATAC” or the “Company”) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling them to purchase up to a total of 2,470,000 common shares at a price of $0.31 for a period of five years, which options will vest on a quarterly basis commencing three months from the date of grant. The Company also announces that it has accepted the surrender for cancellation of options held by certain directors, officers, employees and consultants in respect of a total of 2,177,000 shares (an option in respect of 100,000 shares formerly exercisable at $2.60 per share, options in respect of a total of 2,057,000 shares formerly exercisable at $3.00 per share, and an option in respect of 20,000 shares formerly exercisable at $1.70 per share). About ATAC ATAC is developing Canada’s only Carlin-type gold district and additional mineral occurrences at its 100% owned, 1,700 sq/km, Rackla Gold Project in Yukon. Exploration on the project has resulted in a positive Preliminary Economic Assessment on the Tiger Gold Project, delineation of multiple high-grade Carlin-type gold zones, the discovery of significant silver-lead-zinc mineralization at Ocelot and the identification of numerous early-stage gold targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-financed with approximately $16 million in its treasury. On behalf of Management and the Board of Directors of ATAC Resources Ltd.

Graham Downs, President & CEO For further information, please contact: Vanessa Pickering, Manager, Corporate Communications ATAC Resources Ltd. T: 604-687-2522 ext. 260 [email protected] 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.