Atocha Resources arranges $130,000 private placement

2009-09-04 19:17 ET - News Release

Mr. A. Salman Jamal reports

ATOCHA RESOURCES INC. ANNOUNCES FLOW THROUGH PLACEMENT

Atocha Resources Inc. is offering a flow-through private placement of up to one million units for total proceeds of up to $130,000. Each unit will consist of one flow-through common share of the company and one non-flow-through common share warrant. Each flow-through common share will be offered at a price of 13 cents and one non-flow-through common share purchase warrant, which will entitle the holder to purchase one common share at a price of 16 cents exercisable for a period of one year from the closing of the private placement. There may be finders' fees or commissions paid if applicable, subject to TSX Venture Exchange approval.

The company intends to use the proceeds from the private placement for exploration of its McGillivray property, which is located north of Lytton, B.C., in the Kamloops mining division, approximately midway between Lytton and Lillooet on Highway 12. The mineral on-line claims cover 4,646 hectares (46.46 square kilometres).

The private placement is subject to acceptance by the TSX-V.

We seek Safe Harbor.