Atlanta Gold finalizes court sanction payment


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Atlanta Gold finalizes court sanction payment

Canada NewsWire



TORONTO, Sept. 17, 2013










TORONTO, Sept. 17, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announces that in compliance litigation brought under the United
States Federal Water Pollution Control Act ("Clean Water Act") against
the Company's wholly owned subsidiary, Atlanta Gold Corporation
("AGC"), the U.S. District Court for the State of Idaho has entered a
Final Judgment memorializing AGC's payment plan for the Court imposed
US$2 million sanction.




The Judgment required AGC to pay US$50,000 on or before August 22, 2013,
which payment was made by AGC.  In addition, AGC is to pay US$25,000
per quarter for the first year, with the initial installment due on
December 31, 2013; US$75,000 per quarter for the second year;
US$100,000 per quarter for the third, fourth and fifth years; and a
balloon payment in the amount of US$450,000 due September 30, 2018, at
which time the sanction will be paid in full. The penalty bears
interest at a rate of 0.1% per annum and will be secured by recording
the Consent Judgment against AGC's East Amity Road property located in
Boise, Idaho and by a security interest, granted to the U.S. Attorney's
office, in four generators owned by AGC located on the East Amity
property. The litigation is now closed.




Wm. Ernest Simmons, President and CEO commented: "While this has been a
long and challenging process, we are very pleased with both the outcome
of the favorable payment terms of the Judgment and the resolution of
the water contamination issues. Our proprietary, innovative, passive
water filtration system  has proven to be the solution to the water
discharge problems and could potentially benefit other mine
developers."





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 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.




To receive Company news via email, contact bren@chfir.com and mention "Atlanta Gold News" in the subject line.




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.




SOURCE Atlanta Gold Inc.











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