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Message: $10 Million (USD) Loan and Production Marketing Agreement Closed With Red Kite
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$10 Million (USD) Loan and Production Marketing Agreement Closed With Red Kite

posted on Jun 01, 2009 01:41PM
June 1, 2009
ATW Gold Corp.: $10 Million (USD) Loan and Production Marketing Agreement Closed With Red Kite
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2009) - ATW Gold Corp. (TSX VENTURE:ATW) ("ATW" or "the Company"), is pleased to report that further to the Company announcement on May 21, 2009, it has closed the USD $10,000,000 loan and Production Marketing agreement with Red Kite Exploration Fund Limited, part of the Red Kite family of funds. Proceeds of the loan are being used to increase production at Burnakura, for exploration to increase resources and reserves at Burnakura and for general working capital.

Casimir Capital LP, acting as agent in respect of the Red Kite transactions (the "Agent"), receives a commission of 6% on the funds raised under the Loan and 500,000 agent's warrants, each warrant exercisable for one common share of ATW at a price of $0.80 per share until June 1, 2011.

Graham Harris, Chairman of ATW Gold Corp. commented, "ATW is pleased to have completed this arrangement with Red Kite Exploration Fund Limited. This capital provides us with the ability to expedite production and mine life increase at Burnakura in a non-dilutive manner. We anticipate updating shareholders on our expansion progress shortly."

ATW GOLD CORP.

Graham Harris, Chairman and Director
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