Atlanta Gold Inc. (TSXV:ATG) announced a private placement of convertible debentures for gross proceeds of CAD 500,000 on May 26, 2015. The debentures issued will bear a fixed interest rate of 10% per annum and will mature on April 1, 2018. The debentures will be convertible into the common shares of the company at a lower of CAD 0.17 per share, and the 30-trading day average of the closing prices immediately following the commencement of trading of the company's shares on the TSX Venture Exchange on a consolidated basis, provided that the conversion price will not be less than CAD 0.10 per share.

The debentures will be issued at par. The securities issued will be subject to a hold period of four months. The transaction is subject to a approval of the TSX Venture Exchange.