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Global Atomic Announces ATM Facility
Global Atomic Announces ATM Facility Canada NewsWire /NOT FOR DISTRIBUTION TO...
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[{"type":"text","content":"\n \n \n \n Global Atomic Announces ATM Facility\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 6, 2023\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO) (FRANKFURT: G12)  announced today that further to the filing of a base shelf prospectus\n \n November 21, 2023\n \n it has established an At-The-Market equity program (the \"\n \n ATM\n \n \")  which will allow the Company to issue, at its discretion, common shares (the \"\n \n Common Shares\n \n \") of the Company having an aggregate offering price of up to\n \n C$50 million\n \n to the public from time to time through Cantor Fitzgerald Canada Corporation and Canaccord Genuity Corp. (collectively, the \"\n \n Agents\n \n \").\n \n \n \n \n \n \n \n \n \n Distributions of Common Shares pursuant to the ATM, if any, will be made in accordance with the terms of the equity distribution agreement dated\n \n December 6, 2023\n \n (the \"\n \n Distribution Agreement\n \n \") entered into by the Company and the Agents. The ATM will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and\n \n December 21, 2025\n \n , unless terminated earlier in accordance with the terms of the Distribution Agreement. Common Shares issued under the ATM will be issued from treasury and distributed directly on the Toronto Stock Exchange (the \"\n \n TSX\n \n \"), or such other recognized marketplaces to the extent permitted, at prevailing market prices at the time of sale, all in accordance with the terms of the Distribution Agreement.\n \n \n The Company intends to use the net proceeds from the ATM for the continued development of its Dasa Project in the Republic of\n \n Niger\n \n and for general corporate purposes. The net proceeds from the ATM are not determinable in light of the n...