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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	ATV
Latest Price:	0.03 (3.23% )
52-week High:	0.05
52-week Low:	0.03
Market Cap:	16.96M

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Atlantic Gold

Atlantic Gold (ASX: ATV) is focused on gold projects in Canada, and is currently exploring in the Nova Scotia goldfields.

Atlantic's main project is the Touquoy project, with the company holding in total an exploration land package of around 1340 square kilometres.

Atlantic Gold raises $1.5 million to advance gold projects

Friday, October 16, 2009

Atlantic Gold (ASX: ATV) will advance its gold projects in Nova Scotia after placing a total of 25 million new fully paid ordinary shares at an issue price of 6 cents per share to raise $1.5 million.

In a statement today, the company said the funds raised from the placement and SPP would be used to progress Atlantic Gold’s gold projects in Nova Scotia, particularly with the purchase of certain surface land titles at the Touquoy Gold Project.

In parallel with the placement Atlantic Gold will offer all eligible shareholders the opportunity to participate in a Share Purchase Plan at the same price of 6 cents per share.

In addition to developing the Touquoy and Cochrane Hill Gold Projects, Atlantic is undertaking extensive exploration, both regional and near-mine to build its resource base.

The company believes the area is highly prospective for additional Touquoy style deposits.

Atlantic’s more recent involvement in the advanced Cochrane Hill property reflects this strategy, to the extent that the company now has over 1.2 million ounces of gold resources under its control in this emerging district.

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