|
May 12, 2008 Toronto Stock Exchange "ATG" |
|
Toronto, Ontario – 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 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. For further information contact: Bill
Baird
|