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Global Atomic Announces Bought Deal Public Offering for Gross Proceeds of C$20.0 Million
Global Atomic Announces Bought Deal Public Offering for Gross Proceeds of C$20.0 Million ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\nGlobal Atomic Announces Bought Deal Public Offering for Gross Proceeds of C$20.0 Million\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTORONTO , Oct. 15, 2025 /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase for resale 32,259,000 units of the Company (each, a \"Unit\") at a price of C$0.62 per Unit (the \"Offering Price\") on a \"bought deal\" basis in a public offering for gross proceeds of C$20,000,580 (the \"Underwritten Offering\").\n\n\n\n\n\n\n\nEach Unit will consist of one common share of the Company (each, a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.80 at any time on or before that date which is 36 months following the Closing Date (as defined herein).\nThe Company has granted to the Underwriters an option (the \"Over-Allotment Option\", and together with the Underwritten Offering, the \"Offering\"), exercisable in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale at the Offering Price additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes.\nThe Company intends to use the net proceeds from the Offering for the advancement of the Company's Dasa Project and for general working capital purposes.\nIn connection with the Offering, the Company intends to file a prospectus supplement (the \"Supplement\") to the Comp...