Business
Global Atomic Announces Closing of C$24.8 Million Private Placement
Global Atomic Announces Closing of C$24.8 Million Private Placement Canada NewsWire ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\n\n\n Global Atomic Announces Closing of C$24.8 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\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\n TORONTO\n \n\n ,\n \n\n June 26, 2025\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$24,839,160\n \n from the sale of 31,048,950 units of the Company (each, a \"Unit\") at a price of\n \n C$0.80\n \n per Unit. Red Cloud Securities Inc. and Canaccord Genuity Corp. (collectively, the \"\n \n Finders\n \n \") acted as finders 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, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of\n \n C$1.00\n \n at any time on or before\n \n June 26, 2028\n \n .\n \n\n The Company intends to use the net proceeds from the Offering for the advancement of the 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 The Units were sold to purchasers resident in\n \n Canada\n \n pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (\"\n \n LIFE Units\n \n \"), and purchasers resident in certain offshore foreign jurisdictions pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada (\"\n \n OSC 72-503\n \n \"). The Units sold to purchasers in\n \n the Uni...