Atlanta Gold Inc. (TSXV:ATG) announced a non-brokered that it has entered in to an agreement with existing investor Jipangu Inc. for private placement of 4,700,000 shares at CAD 0.069 per shares for gross proceeds of CAD 324,300 on December 3, 2015. The investor will acquire 15% stake in the transaction. The transaction is subject to the TSX Venture Exchange approval.

The securities issued are subject to a four-month statutory hold period from the date of closing. The transaction is expected to close within the next two weeks.