Executive Chairman and Director of Atacama Pacific Gold Corporation Dr. Albrecht Schneider announced that he had acquired beneficial ownership of 10,499,500 common shares and 75,000 common share purchase warrants of the corporation, which make approximately 16.13% of its issued and outstanding common shares. The shares were purchased through Pacific Land First Corp., a company controlled by the Executive Chairman and domiciled in the British Virgin Islands, from four private companies for consideration of C$0.175 per share, with no additional consideration for 75,000 common share warrants.
Following the acquisition, Dr. Schneider becomes beneficial owner of more than 16,930,685 common shares, 1,425,000 share options and 775.000 warrants – that is approximately 26.02% of Atacama’s issued and outstanding common shares on an undiluted basis. He entered into the transactions for investment purposes.
