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Global Atomic Announces C$25 Million Bought Deal Public Offering
Global Atomic Announces C$25 Million Bought Deal Public Offering Canada NewsWire ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Global Atomic Announces C$25 Million Bought Deal Public Offering\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 March 1, 2023\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO) (FSE: G12) today announced that it has entered into an agreement with Red Cloud Securities Inc. (the \"Underwriter\"), as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase for resale 8,333,334 units of the Company (the \"Units\") at a price of\n \n C$3.00\n \n per Unit (the \"Offering Price\") on a \"bought deal\" basis by way of a short-form prospectus offering for gross proceeds of\n \n C$25,000,002\n \n (the \"Offering\"). Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will be exercisable for one Common Share (each, a \"Warrant Share\") at a price of\n \n C$4.00\n \n per Warrant Share at any time for a period of 18 months following the closing of the Offering.\n \n \n \n \n \n \n \n \n \n The Company has granted the Underwriter an option, exercisable in whole or in part, at the sole discretion of the Underwriter, at any time for a period of 30 days from and including the closing of the Offering, to purchase from the Company for resale up to an additional 1,250,000 Units representing up to 15% of the number of Units sold under the Offering, on the same terms and conditions of the Offering to cover over-allotments, if any, and for market stabilization purposes (the \"Over-Allotment Option\"). In the event the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering to the Company will be approximately\n \n C$28.75 million\n \n .\n \n \n The Units will be offered by way of a short form prospectus with...