Atlanta Gold Inc. (TSXV:ATG) announced a non-brokered private placement of 8,000,000 units at $1 per unit for gross proceeds of $8,000,000 on January 31, 2013. Each unit consists of $1 principal amount of senior secured gold notes and one warrant. Each warrant will be exercisable for one common share of the company at $0.10 per share until November 30, 2015. Units will be issued in minimum denominations of $100,000. The notes will bear interest of 10% per annum and interest as well as principal, amortized at 25%, 35% and 40%, will be repayable annually on November 30, 2013, November 30, 2014, and November 30, 2015, respectively. Principal and interest will be repayable in physical gold, or at the election of either the company or the investor, in the cash equivalent thereof based on spot gold prices at the time of payment. The company will have the right to accelerate the expiry date of the warrants if the closing price of its common shares on the TSX Venture Exchange exceeds $0.25 for 20 consecutive days on which the company's shares trade.

The securities issued will be subject to a four month hold period. Certain insiders of the company may participate in the transaction. Eric Sprott signed a non-binding letter of intent reflecting his intention to purchase the first $2 million of the units. The company will pay a 4% cash finder's fee to Brant Securities Limited in connection with this purchase.

On May 31, 2013, the company announced that it has amended the terms of the transaction. The company will now issue 9,000,000 units at a price of $1 per unit for gross proceeds of up to $9,000,000.00. Each unit will consist of $1 principal amount notes and one common share purchase warrant. Each warrant will be exercisable for one common share of the company at CAD 0.10 ($0.10) per share until August 31, 2016. The transaction will include participation from existing investor, Concept Capital Management Ltd., that will subscribe for minimum proceeds of $3,000,000 of the units in two tranches, conditional upon the company raising aggregate gross proceeds of not less than $4,000,000 on the closing of the first tranche, which will include a $1,000,000 subscription from Concept Capital Management Ltd., and a $2,000,000 subscription from Eric Sprott, as entered into a non-binding letter of intent reflecting his personal intention to purchase such number of units. Closings of the first and second tranches are targeted for completion by mid-June. The conversion was made through www.oanda.com as on May 31, 2013.

On July 22, 2013, the company announced that it has extended the closing of the transaction to August 16, 2013.

On August 19, 2013, Atlanta Gold Inc. closed the transaction. The company issued notes and warrants for proceeds of $4,000,000. The investors received options exercisable until August 31, 2016 to purchase an aggregate of 95 troy ounces of gold at $1,125 per ounce for each 100,000 units subscribed. Eric Sprott subscribed to 2,200,000 units and Concept Capital Management Ltd. subscribed to 1,300,000 units.