October 18, 2021 – Vancouver, BC – ATAC Resources Ltd. (the “Company” or “ATAC”) (TSX-V: ATC, OTCQB: ATADF) is pleased to announce that it has qualified for trading on the OTCQB® Venture Market (the “OTCQB”) in the United States operated by the OTC Markets Group Inc. and the Company’s common shares commenced trading today on the OTCQB under the symbol “ATADF”. ATAC’s common shares will continue to trade on the TSX Venture Exchange under the symbol “ATC”.
“We are pleased to have commenced trading on the OTCQB. Over the years we have amassed significant U.S. based institutional and retail investment interest, and trading on the OTCQB will further increase our visibility and trading volume in the U.S.,” stated President and CEO, Graham Downs. “We look forward to engaging a broader audience of investors as we continue to advance our Nevada and Yukon properties.”
The OTCQB offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Investors can find real-time level 2 quotes and market information at https://www.otcmarkets.com/stock/ATADF/overview.
ATAC continues to have full eligibility through the Depository Trust Company (“DTC”), a subsidiary of Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the U.S. DTC eligibility reduces costs and accelerates the settlement process for U.S. investors and brokers.
About ATAC
ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), the Tiger Deposit Measured & Indicated Mineral Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $7 million in working capital.
The technical information in this news release has been approved by Adam Coulter, M.Sc., P.Geo., VP Exploration for ATAC and a qualified person for the purposes of National Instrument 43-101.
On behalf of ATAC Resources Ltd.
Graham Downs, President and CEO
For further information, please contact:
Andrew Carne, M.Eng., P.Eng., VP Corporate and Project Development, Interim CFO
ATAC Resources Ltd.
T: 604-688-0111 ext. 106
acarne@atacresources.com
