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Hecla bids for ATAC

Hecla Mining has made a play to acquire ATAC Resources and obtain the Rackla and Connaught projects in Yukon, Canada, with a non-binding 14c per share offer in a C$31 million all-stock deal.

Hecla bids for ATAC Hecla bids for ATAC Hecla bids for ATAC Hecla bids for ATAC Hecla bids for ATAC

ATAC Resources' Rau target at Rackla in Yukon, Canada

The offer comes over the top of a competing 12c per share, $25 million all-stock offer from Victoria Gold which came a week ago and which ATAC rebuffed as being too low.