VANCOUVER, Feb. 1, 2018 /CNW/ - ATAC Resources Ltd. (TSX-V:
ATC) announces that it has granted incentive stock options to
directors, officers, employees and consultants, entitling those
parties to purchase up to a total of 3,165,000 common shares at a
price of $0.55 for a period of five
years. All options will vest on a quarterly basis commencing
three months from the date of granting.
About ATAC
ATAC is a Yukon-based
exploration company focused on developing Canada's only Carlin-type gold district at the
Rackla Gold Property. Recent work on the ~1,700 km2
property has resulted in a positive Preliminary Economic Assessment
for the Tiger Gold Deposit, drilling of multiple high-grade
Carlin-type gold zones and the identification of numerous
early-stage gold exploration targets. Barrick Gold Corp. has an
option to earn up to 70% of the central portion of the Rackla Gold
Property (Orion Project) by spending $55
million in exploration. ATAC is well-financed with
approximately $13 million in its
treasury and has recently completed a budgeted $10 million exploration program at the Osiris and
Rau Projects (which are not subject to Barrick's earn-in right),
while concurrently working with Barrick to advance the Orion
Project.
On behalf of the Board of Directors
of ATAC Resources Ltd.
Graham Downs, President and
CEO
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.
SOURCE ATAC Resources Ltd.