On December 9, 2009, Atna Resources Ltd. (TSX: ATN) announced that, further to its news release dated November 23, 2009, it had closed a private placement offering of US$14.5 million of Gold Participating Bonds. The offering was arranged by Canaccord Adams Limited and CAT Brokerage AG. Canaccord Adams Limited also acted as placing agent in connection with the offering.

The Bonds, which mature on December 31, 2013, bear interest at an annual rate of 10% on the declining principal balance. The Bonds will be redeemed in 16 equal quarterly installments equivalent to the market value of approximately 814 ounces of gold per quarter based on a closing gold price determined prior to the end of each quarter. The quarterly payments will be converted to participating interests in a gold exchange-traded fund approximately equivalent to the value of ounces delivered.

Atna plans to repay the loan with gold produced at its wholly-owned Briggs Mine in California. Atna intends to use the proceeds of the offering to initiate construction and development of its Reward gold mine in Nevada and for general corporate purposes.

Atna was advised in this transaction by Thomas Wexler, David Smith, Jodi Katz and Claire Mitchell of Fasken Martineau.