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Atna Resources Enters Into Secured Credit Facility Agreement

February 5, 2014

Atna Resources announced that it has entered into a US$22.0 million credit facility agreement with Waterton Precious Metals Fund II Cayman. According to a release, Atna will use this new credit facility to repay the outstanding amount of approximately C$18.1 million owing to Sprott Resource Lending Partnership under the Company's existing secured credit facility and for general working capital purposes. "This new facility extends our debt-service period through January 2016 when a balloon payment will be due. This will allow Atna to service its debt from internally generated cash flow and positions the Company to benefit from a stronger gold market," states James Hesketh , President & CEO. Cheryl Brandon , Partner, Investment Management at Waterton Global, stated, "The Waterton Global Precious Metals facility strengthens Atna's balance sheet and provides the Company with additional financial flexibility. We look forward to working with Atna and building a strong relationship with the management team as they continue to develop their US project portfolio." Under the terms of the Agreement, the credit facility is a non- revolving, senior secured facility, that bears interest at a coupon- rate of 10 percent per annum and matures on the earlier of (i) the date that is 24 months following the date of the Agreement (or if the facility has been accelerated in the event of a default, the date on which Waterton demands repayment), and (ii) the date all amounts owing under the credit facility are voluntarily or mandatorily prepaid in full, without a repayment penalty. On the maturity date, Atna will pay to Waterton (i) a cash fee equal to 5 percent of the credit facility, and (ii) if the payment date occurs on or after the first anniversary of the date of the Agreement, Atna will pay an additional cash fee equal to 5 percent of the credit facility less any prepayments made during the first 12 months of the Agreement. As consideration for structuring the credit facility, Atna paid to Waterton a cash structuring fee of USD$440,000 and, after receipt of approval from the TSX, issued to Waterton 10,000,000 common-share purchase-warrants (the "Lender Warrants"). Each Lender Warrant entitles Waterton to acquire one common share of the Company at an exercise price of CDN$0.25 per common share for a period of three years following the issue date. The Lender Warrants will be subject to a four-month hold period in Canada . More information: www.atna.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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