July 3 (Reuters) - Atlantic Gold Corp AGB.V :
* ATLANTIC GOLD EXECUTES COMMITMENT LETTER FOR A $150 MILLION REVOLVING CREDIT FACILITY TO REFINANCE PROJECT LOAN FACILITY, ADDS ADDITIONAL LONG TERM FINANCING CAPACITY
* ATLANTIC GOLD CORP - CREDIT FACILITY WILL BE USED FOR, BUT NOT LIMITED TO REPAYMENT OF BORROWER'S EXISTING PROJECT LOAN FACILITY
* ATLANTIC GOLD CORP - BALANCE OF EXISTING PLF OF APPROXIMATELY CAD$110 MILLION WILL BE REPAID BY PARTIAL DRAWDOWN OF NEW RCF
* ATLANTIC GOLD CORP - WILL MAINTAIN ITS GOLD FORWARD SALES CONTRACTS WITH NB AND ITS SYNDICATE OF LENDERS
* ATLANTIC GOLD CORP - CREDIT FACILITY WILL HAVE 3 YEAR TERM FROM CLOSING DATE WITH CUSTOMARY ANNUAL EXTENSION MECHANISM