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Global Atomic Announces Closing of C$20 Million Private Placement
Global Atomic Announces Closing of C$20 Million Private Placement Canada NewsWire ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\n\n Global Atomic Announces Closing of C$20 Million Private Placement\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 /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n TORONTO\n \n\n ,\n \n\n July 31, 2024\n \n\n /CNW/ - Global Atomic Corporation (\"\n \n Global Atomic\n \n \" or the \"\n \n Company\n \n \") (TSX: GLO); (OTCQX: GLATF); (FRANKFURT: G12) is pleased to announce the closing of its previously announced non-brokered private placement (the \"\n \n Offering\n \n \") for gross proceeds of\n \n C$20,000,000.25\n \n . The Company sold 14,814,815 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n C$1.35\n \n per Unit. Red Cloud Securities Inc. (\"\n \n\n Red Cloud\n \n\n \") acted as a finder in connection with the Offering.\n \n\n\n\n\n\n\n\n\n Each Unit consists of one common share of the Company (each, a \"\n \n Common Share\n \n \") and one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of\n \n C$1.80\n \n at any time on or before\n \n July 31, 2026\n \n . The Warrants are subject to an acceleration clause whereby if (i) the 10-day volume weighted average price of the Common Shares is above\n \n C$2.50\n \n and, (ii) within a period of 5 trading days following the date the Company provides a notice via widely disseminated press release, the expiry date of the Warrants shall be accelerated to the date that is 30 days from the date of the aforementioned press release.\n \n\n The 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. The Offering remains subject to the final approval of the Toronto Stock Exchange (the \"\n \n TSX\n \n \").\n \n\n As consideration for its services in connection with the Offering, the Company paid\n \n Red Cloud\n \n a cash finders fee and...