Business
Global Atomic Announces Private Placement of up to C$50 Million
Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to C$50 million from the sale of up to 56,818,182 units of the Company (each, a "Unit") at a price of C$0.88 per Unit. Red Cloud Securities Inc. is acting as finder in connection with the Offering.
About this update from Global Atomic Corporation
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Jan. 12, 2026 /CNW/ - Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to C$50 million from the sale of up to 56,818,182 units of the Company (each, a "Unit") at a price of C$0.88 per Unit. Red Cloud Securities Inc. is acting as finder in connection with the Offering.","length":470,"tagName":"p"},{"type":"image","alt":"Global Atomic Corporation (CNW Group/Global Atomic Corporation)","displaySize":"","headline":null,"caption":"Global Atomic Corporation (CNW Group/Global Atomic Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":101,"url":"https://media.zenfs.com/en/cnwgroup.com/1f377a159bef8b44570d24a5b68e6447"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NWSQaOpNgnZEgOERI9ribg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/1f377a159bef8b44570d24a5b68e6447","width":400,"height":101}},"href":"https://mma.prnewswire.com/media/2859706/Global_Atomic_Corporation_Global_Atomic_Announces_Private_Placem.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Each 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$1.15 at any time for a period of 36 months following the issue date.","length":320,"tagName":"p"},{"type":"text","content":"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.","length":157,"tagName":"p"},{"type":"text","content":"The Units will be offered: (a) by way of private placement in all of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exempti...