Atlanta Gold Inc. (TSXV:ATG) announced that it has entered into an agreement for an unsecured loan of gross proceeds $600,000 on June 18, 2014. The company has entered into an agreement with a corporation controlled by Eric Sprott. The loan is unsecured and will not bear any interest. At the investor's option, the loan will be convertible at a conversion price of CAD 0.05 ($0.46010) per share during the initial 12 months and at CAD 0.10 ($0.920) per share thereafter. The loan is to be repaid by delivery to the investor of 1,000 troy ounces of gold or the cash equivalent thereof payable in installments over an 18-month period. The transaction is subject to the approval of the TSX Venture Exchange.

On July 14, 2014, Atlanta Gold Inc. closed the transaction. The securities issued are subject to a four-month statutory hold period which will expire on November 7, 2014. The security will mature on January 15, 2016.