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Atomic Minerals Closes First Tranche of Private Placement for CAD $699,408.75
VANCOUVER, BC / ACCESSWIRE / December 6, 2023 / Atomic Minerals Corporation (" ATOMIC MINERA...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Atomic Minerals Closes First Tranche of Private Placement for CAD $699,408.75VANCOUVER, BC / ACCESSWIRE / December 6, 2023 / Atomic Minerals Corporation (\"ATOMIC MINERALS\" or the \"Company\") (TSXV:ATOM) The Company has received conditional approval from the TSX Venture Exchange to close a first tranche of its Private Placement Offering announced November 6, 2023, and has today issued 9,325,450 Units at $0.075 per Unit for gross proceeds of $699,408.75 (\"First Tranche\").Each Unit consists of one Common Share and one transferable Common Share purchase warrant (the \"Warrant\"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of three (3) years expiring on December 6, 2026.8% Finder's fees were paid in the form of cash and warrants on a portion of the First Tranche totaling $30,614.40 and 408,192 non-transferable warrants. The finder's warrants entitle the holders to purchase one Common Share in the capital of the Company at an exercise price of $0.10 per Common Share for a period of two (2) years expiring on December 6, 2025.Pursuant to the applicable statutory hold period, all securities issued may not be transferred or sold until April 7, 2024.Clive Massey, CEO of Atomic Minerals Corporation, commented, \"This private placement is not just an investment in the company but an investment in the future of sustainable energy, and enables advancing its world-class exploration projects on the Colorado Plateau and the Athabasca Basin. With the price of uranium now surpassing $73.00, it's evident that there's an ever-increasing global demand for clean and sustainable energy sources. This upward trend is more than just numbers; it's indicative of a paradigm shift in our global energy landscape. Our exploration projects stand at the forefront of this movement, poised to meet the growing demand and contribute to a cleaner, more sustainable world.\"The funds raised from the Offering will provide the necessary capital to enable the Company to focus on permitting its Dolores Anticline Property (\"Dolores\") for drilling. Dolores lies on the northern end of the Dolores Anticline, in San Miguel County, Colorado, at the southern end of the Uravan Mineral Belt (\"Uravan\"). Historic oil and gas, and uranium drilling on the nose and the flank of the Dolores anticline re...