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Atomic Minerals Announces Private Placements of Flow-Through and Non-Flow-Through Units
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Atomic Minerals Corporation ...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Atomic Minerals Announces Private Placements of Flow-Through and Non-Flow-Through UnitsVancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Atomic Minerals Corporation (TSXV: ATOM) (\"ATOMIC MINERALS\" or the \"Company\") announces a non-brokered private placement financing of up to 34,000,000 non-flow-through units (\"NFT Units\") at $0.05 per NFT Unit for gross proceeds of up to $1,700,000 (the \"NFT Private Placement\") and a non-brokered private placement financing of up to 13,333,333 flow-through units. (\"FT Units\") at $0.06 per FT Unit for gross proceeds of up to $800,000 (the \"FT Private Placement\"). Each NFT Unit consists of one common share and one transferable warrant. Each warrant (a \"Warrant\") is exercisable into one common share at $0.10 per common share for 2 years from closing. Each FT Unit consists of one flow-through common share (a \"FT Share\") and one transferrable Warrant. Each Warrant is exercisable into one non-flow-through common share at $0.10 per common share for 2 years from closing. Each FT Share is expected to qualify as a \"flow-through share\" as defined in s. 66(15) of the Income Tax Act (Canada). The Private Placements may be closed in one or more tranches subject to conditional approval from the TSX Venture Exchange 8% Finder's fees may be payable in cash, warrants and common shares of the Company or a combination thereof.The entire gross proceeds from the issue and sale of the FT Units, excluding Warrant proceeds, will be used for Canadian exploration and development of the Company's projects in Saskatchewan and the proceeds from the issue and sale of NFT Units will be used for general working capital purposes. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.About the Company Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading under the sym...