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Global Atomic Announces the Exercise of all Common Share Purchase Warrants
Global Atomic Announces the Exercise of all Common Share Purchase Warrants Cana...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Global Atomic Announces the Exercise of all Common Share Purchase Warrants\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 19, 2021\n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced the exercise of all common share purchase warrants issued pursuant to the Company's Unit private placement of\n \n May 2020\n \n and accelerated expiry date announced\n \n January 21, 2021\n \n .\n \n \n \n \n \n \n \n \n \n A total of 2,769,167 Investor warrants and 149,000 Finder's warrants were exercised for proceeds of\n \n C$2,453,000\n \n . The Company now has 155,679,283 common shares issued and no warrants outstanding.\n \n \n \n About Global Atomic\n \n \n Global Atomic Corporation (\n \n www.globalatomiccorp.com\n \n ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.\n \n \n The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of the Dasa Mining Permit, final design in support of the Company's Feasibility Study is on-going.\n \n \n Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (\"BST\") Joint Venture, which operates a new, state of the art zinc production plant, located in Iskenderun,\n \n Turkey\n \n . The plant recovers zinc from Electric Arc Furnace Dust (\"EAFD\") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. (\"Befesa\") listed on the\n \n Frankfurt\n \n exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout\n \n Europ...