Atna Res Ltd ATNAQ

RE: News

[Andy007]

ramblersrest wrote: ...that financing puts a price on the shares of about .60 cents each It's actually only 0.55 !!!! Atna Resources Ltd. has closed the previously announced financing of 3.64 million units and the underwriter's overallotment of 3.64 million units for gross proceeds of $4,004,000. Each unit comprises one common share and one-half of a common share purchase warrant at a price of 55 cents per unit. 3.64 mio plus 3.64 mio = 7.28 mio x 0.55 = 4,004,000 (=gross proceeds) It's really strange that the financing took place at such a discount. Atna is trading around 0.80 with a high of more than 1.00 only 2 weeks ago, and now the shares are sold at 0.55 through a private placement Maybe timothy2000 can explain the situation, after re-writing his in-depth analysis because of the dilution that has taken place.