TORONTO, Sept. 19, 2013 /CNW/ – Aterra Investments Limited (“Aterra”)
announces that on September 19, 2013, pursuant to a brokered and
unbrokered private placement by Atico Mining Corporation (“Atico”),
Aterra acquired 8,900,000 units of Atico (the “Units”) at a price of
$0.45 per unit. Each Unit consists of one common share in the capital
of the Atico and one-half of one common share purchase warrant (each
whole warrant, a “Unit Warrant”). Each Unit Warrant may be exercised
to acquire one common share at a price of $0.65 per share until
September 19, 2015. The 8,900,000 common shares forming part of the
Units acquired by Aterra (the “Unit Shares”) represent approximately
9.3% of the approximately 95.7 million issued and outstanding common
shares of Atico immediately upon the completion of the private
placement.

Prior to its purchase of the Units, Aterra owned 2,004,462 common shares
of Atico and warrants to purchase an additional 769,231 common shares.
If Aterra were to fully exercise all of its Unit Warrants and
previously acquired warrants, and assuming no other issuances of common
shares by Atico at or prior to such time, then taking into account the
common shares acquired upon such exercise, the Unit Shares and its
previously acquired shares, Aterra would beneficially own an aggregate
of 16,123,693 common shares, representing approximately 16.0% of the
then outstanding common shares.

Aterra acquired the Units for investment purposes and continues to
monitor the business, prospects, financial condition and potential
capital requirements of Atico. Depending on its evaluation of these
and other factors, Aterra may from time to time in the future increase
or decrease its ownership, control or direction over the common shares
or other securities of Atico through market transactions, private
agreements, subscriptions from treasury or otherwise.

SOURCE Aterra Investments Limited