AT: Voluntary Trading Suspension

During a special meeting held today, the Board of Directors of Atlas
Consolidated Mining and Development Corporation (PSE: AT) (“Atlas”)
approved Atlas’s acquisition of the entire equity interest of CASOP Atlas
Corporation and CASOP Atlas B.V. (collectively, “CASOP”) in Carmen Copper
Corporation (“CCC”) which constitutes 45.54% of CCC’s outstanding capital
stock (the “Acquisition”). Following the Acquisition which involves the purchase
by Atlas of all of CASOP’s shares of stock in CCC for a total cash consideration
of US$368 million, CCC will become a 100%-owned subsidiary of Atlas.
Atlas intends to raise US$390 million in funds to finance the Acquisition and to
provide for general working capital requirements of CCC through the issuance
of a combination of debt and equity securities (the “Capital Raising”). In
connection with the Capital Raising, the Atlas Board of Directors has appointed
BDO Capital and Investment Corporation and Evercore Partners as financial
advisers and arrangers.
The structure of the Capital Raising will be discussed and determined at the
next meeting of the Atlas Board of Directors which is scheduled on 24 June
2011.
The details of the Acquisition and the Capital Raising will be explained to Atlas
stakeholders at a corporate briefing to be held at 2:00 p.m. on 27 June 2011 in
Makati Shangri-La Hotel.

As we anticipate that the announcement of Atlas’s intention to pursue the
transaction described in the Disclosure (the “Transaction”) will materially affect
market activity with respect to the listed Atlas securities (“Atlas Shares”), we
hereby respectfully request the Exchange to suspend the trading of Atlas
Shares on the 24th and the 27th of June 2011.
The trading suspension will enable Atlas to provide its shareholders and the
investing public with equal opportunity (i) to examine the details of the
Transaction which will be explained by Atlas’s officers during a corporate
briefing to be held at 2:00 p.m. on 27 June 2011 in Makati Shangri-La Hotel,
and (ii) to fully appraise their investment position in Atlas Shares in light of the
Transaction
 

Source: www.pse.com.ph