This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Aterra Investments Acquires Units Of Atico Mining Corporation

TORONTO, Sept. 19, 2013 /CNW/ - Aterra Investments Limited ("Aterra") announces that on September 19, 2013, pursuant to a brokered and unbrokered private placement by Atico Mining Corporation ("Atico"), Aterra acquired 8,900,000 units of Atico (the "Units") at a price of $0.45 per unit.  Each Unit consists of one common share in the capital of the Atico and one-half of one common share purchase warrant (each whole warrant, a "Unit Warrant").  Each Unit Warrant may be exercised to acquire one common share at a price of $0.65 per share until September 19, 2015.  The 8,900,000 common shares forming part of the Units acquired by Aterra (the "Unit Shares") represent approximately 9.3% of the approximately 95.7 million issued and outstanding common shares of Atico immediately upon the completion of the private placement.

Prior to its purchase of the Units, Aterra owned 2,004,462 common shares of Atico and warrants to purchase an additional 769,231 common shares. If Aterra were to fully exercise all of its Unit Warrants and previously acquired warrants, and assuming no other issuances of common shares by Atico at or prior to such time, then taking into account the common shares acquired upon such exercise, the Unit Shares and its previously acquired shares, Aterra would beneficially own an aggregate of 16,123,693 common shares, representing approximately 16.0% of the then outstanding common shares.

Aterra acquired the Units for investment purposes and continues to monitor the business, prospects, financial condition and potential capital requirements of Atico.  Depending on its evaluation of these and other factors, Aterra may from time to time in the future increase or decrease its ownership, control or direction over the common shares or other securities of Atico through market transactions, private agreements, subscriptions from treasury or otherwise.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs