TORONTO, May 16 /PRNewswire-FirstCall/ - Atlanta Gold Inc. (TSX: ATG)
announced today that it intends to file a Form 15F with the United States
Securities and Exchange Commission (the "SEC") to terminate the
registration of its common shares under section 12(g) of the United States
Securities Exchange Act of 1934 (the "Exchange Act") and to terminate its
reporting obligations under sections 13(a) and 15(d) of the Exchange Act.
The Company anticipates filing the Form 15F with the SEC on or about May
16, 2008. Upon the filing of the Form 15F, the Company's reporting
obligations under the Exchange Act will be suspended immediately and will
terminate after 90 days of the filing, barring any objections from the SEC.
The Company's board of directors decided to terminate the registration
to reduce the administrative workload and costs associated with meeting
specific SEC reporting requirements required under the Exchange Act, which
are in addition to the Company's reporting obligations under Canadian law.
This deregistration will not affect the Company's business strategy in the
United States nor its commitment to high standards of corporate governance
and financial reporting.
The Company's shares will continue to be listed and trade on the
Toronto Stock Exchange ("TSX"). As a TSX-listed reporting issuer, the
Company will continue to meet its Canadian continuous disclosure
obligations through filings with the applicable Canadian securities
regulators. Company filings can be viewed on the System for Electronic
Document Analysis and Retrieval (SEDAR) at http://www.sedar.com.
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises 2,081 acres and is located 65 miles east of Boise, in Elmore
County, Idaho. A long history of mining makes Atlanta very suitable for the
development of new mining projects.
The Company is focused on advancing its core asset, Atlanta, towards
mine development and production and on acquiring, exploring and developing
other attractive gold projects.
SOURCE Atlanta Gold Inc.
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CONTACT:
Bill Baird, President and CEO, Telephone:
(416) 777-0013; Fax: (416) 777-0014, E-mail: info@atgoldinc.com
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