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Global Atomic Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$37 Million
Global Atomic Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$37 Million...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\nGlobal Atomic Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$37 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. 22, 2025 /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce the closing of its previously announced \"bought deal\" public offering (the \"Offering\") for gross proceeds of C$37,070,276, which includes the partial exercise of the over-allotment option (the \"Over-Allotment Option\") exercisable in whole or in part, at any time for a period of up to 30 days after and including the closing date of the Offering for gross proceeds of C$2,070,036.  Pursuant to the Offering, the Company sold 58,919,800 units of the Company (each, a \"Unit\") at a price of C$0.62 per Unit (the \"Offering Price\"), which includes 2,467,800 Units sold pursuant to the Over-Allotment Option in addition to 6,000,000 Warrants (as defined hereafter) sold under the Over-Allotment Option. Red Cloud Securities Inc. (\"Red Cloud\") acted as sole underwriter and bookrunner under the Offering.\n\n\n\n\n\n\n\nEach Unit consists of one common share of the Company (each, a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\").  Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.80 at any time on or before October 23, 2028.\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.\nThe Units were offered for sale in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario pursuant to a prospectus supplement filed in all of the provinces and territories of Canada and dated October 17, 2025 (the \"Prospectus Supplement\") that supplemented the Company's short form base shelf prospectus dated Novemb...