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Market: TSX-V
Sector: Gold Mining
Epic: ATW
News: Latest news
Web Site: ATW Gold Corp
Other Articles: 30-06-200903-06-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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ATW Gold Corp

ATW Gold Corp

ATW Gold Corp is engaged in a gold producing company with assets in Western Australia. Its flagship project Burnakura project has 400,000 oz gold JORC resource and has an annual production target of 35,000 oz gold. In addition ATW owns Gullewa Gold Mine and the Gunbarrel Project.

Friday, August 14, 2009

ATW Gold Closes Non-Brokered Private Placement of $5.9 million

by Sam Kiri company news image

Yet another round of successful fund raising by Canadian Venture listed ATW Gold Corp (TSX.V: ATW). The company has closed a non-brokered private placement offering, to raise C$5,900,350. The Offering consists of 11,132,736 Units for a purchase price of $0.53 per Unit, for aggregate gross proceeds of $5,900,350.

Each Unit consists of one common share and one half of one non-transferable common share purchase warrant of the Company. Each full warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of CDN $0.65 prior to 5:00pm on the two year anniversary of the closing date (the "Closing Date").

When many junior mining companies find raising funds challenging, ATW’s ability to raise funds, literally within days, ushers in considerable confidence in the company’s projects. At it’s wholly owned Burnakura Gold Mine in Western Australia, ATW has an ongoing monthly production of over 2,500 Oz gold and is well on its way to reach the targeted annual commercial production of 36,000 ounces Au. Plans are currently underway to expand the output to 50,000 ounces of gold per annum as well.

In addition to Burnakura, ATW has Gullewa goldmine 300km south west Burnakura Gold Mine. The Project includes a total of 756 km2 of mineral tenements that cover the prospective central and southern portions of the Gullewa Greenstone Belt and include the Gullewa Mining Centre, the Deflector Deposit, the Prince George Mine, the Michaelangelo and Monarch Prospects. Mining infrastructure assets of Gullewa include a turn-key gold operation with a Carbon-In-Leach plant capable of up to 300,000 tpa (tonne per annum) gold production, a licensed tailings disposal facility, a 50-person camp, offices, workshops, bore fields and haulage roads. The site is currently on care and maintenance.

As ATW continues its progress at both Burnakura and Gullewa, markets are taking notice of the company. The recent round of financing further indicates the investors’ confidence in ATW’s projects and the management team. It is not easy for mining companies to raise funds these days to finance their exploration endeavours. Those who successfully raise funds however are the companies that really have good properties in safe jurisdictions and a strong investment case.

About ATW Gold Corp.
ATW Gold Corp is engaged in a gold producing company with assets in Western Australia. Its flagship project Burnakura project has 400,000 oz gold JORC resource and has an annual production target of 35,000 oz gold. In addition ATW owns Gullewa Gold Mine and the Gunbarrel Project.

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