IKN

with good capon lined

It is of course sheer coincidence…

…that Louis Lobito James of Casey Research starts pumping Atna Resources (ATN.to) to his flock just four trading days before the company announces a $12.5m bought deal private placement at a loonie a pop run by The Can of Corn.

Aug. 21, 2012 /CNW/ – Atna Resources Ltd. (“Atna” or the “Company”) (TSX: ATN) (OTCBB: ATNAF) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (“Canaccord” or the “Underwriter”) pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 12,500,000 common shares of the Company (the “Common Shares”) at a price of C$1.00 per Common Share for gross proceeds of C$12,500,000. The Company has granted yada yada continues here

Yup, utter coincidence. Or in the words of the late great Amarillo Slim, ““If you can’t spot the sucker within the first half hour at the table, then you are the sucker.”

UPDATE: Bot deal now $15m, so expect a Nicholas Campbell-Soup buy call on the thing soon.

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