AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN Transatlantic Mining Corp. Closes First Tranche of Private Placement and US Grant Property Acquisition
Transatlantic Mining Corp. | Suite 800 | 1199 West Hastings Street | Vancouver | Canada V6E 3T5
T 604-424 8257 | F 604-357 1139| www.transatlanticminingcorp.com
THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE
AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Transatlantic Mining Corp. Closes First Tranche of Private Placement and US Grant
Property Acquisition
TCO NEWS RELEASE - VANCOUVER, B.C., August 28, 2017 – Transatlantic Mining Corp. (the
“Company”) (TCO:TSX.V) provides the following update with respect to the private placement
financing and property acquisition announced July 19, 2017.
The Company has received TSX Venture Exchange approval to close its first phase financing of
subscription receipts at $0.10 per subscription receipt. The Company has received subscriptions for a
total of 22,000,000 subscription receipts for total gross proceeds of $2,200,000, and has now closed
on that phase of the financing.
The Company has also received Exchange approval to close its acquisition of the US Grant Mine
property, Montana, and that transaction has now also closed. The closing funds in the amount of
US$1,650,000 were provided by the proceeds of the subscription receipt financing referred to in the
foregoing. Under the original Mining Lease and Option to Purchase Agreement, the Company will be
required to make a further payment of US$2,000,000 on the first anniversary of closing, and a further
US$2,000,000 on the second anniversary of closing.
As a result of the closing of the US Grant transaction, the subscription receipts have now automatically
converted into units of the Company on a 1:1 basis. Accordingly, the 22,000,000 subscription receipts
have been converted into an equivalent number of units, with each uni t comprising one common
share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase
one additional common share of the Company for a period of one year at a price of $0.15. The common
shares and share purchase warrants are subject to a four-month hold period.
The Company is continuing with the second phase of the financing announced July 19, 2017,
comprising up to 53,000,000 units at a price of $0.10 per unit, for additional proceeds of up to
$5,300,000. The units under the second phase financing are identical to the units issued upon
conversion of the subscription receipts, as referred to in the foregoing. Finders’ fees in cash and/or
securities are payable under both the first and the second phases of the financing. The Company
expects to update the status of the second phas e financing in the near future, including the finders’
fees paid and the hold period expiry dates for both phases.
The securities offered have not been and will not be registered under the U.S Securi ties Act of 1933,
as amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
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About Transatlantic Mining Corp.
Transatlantic Mining (TSX-V: TCO) is an emerging precious and base metal explorer, developer and
producer. The Company has a focus on high-grade mining, in stable mining jurisdictions. The Company
is engaged in controlling and owning mineral propert y interests, such as an 80% earn -in option on
the Monitor Copper-Gold project in Idaho (USA) and the US Grant Gold-Silver Mine & Mill complex
in Montana (USA). The Company also holds an exclusive lease with option to purchase on the Kearsage
claim group comprising approximately 700 acres, located approximately four miles from the US Grant
Mine.
A proven management team, led by Chief Executive Officer Bernie Sostak, seek to enhance
shareholder value through expert exploration/development and expansion of its existing assets,
together with selective and future earning accretive acquisitions. For further information please
contact: Bernie Sostak +61 (0) 439 904 044.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release