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Global Atomic Announces Upsize of Private Placement to up to C$36 Million
Global Atomic Announces Upsize of Private Placement to up to C$36 Million Canada NewsWi...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\n\n Global Atomic Announces Upsize of Private Placement to up to C$36 Million\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 Jan. 24, 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 that due to significant investor demand, the Company has increased the maximum gross proceeds of its previously announced non-brokered private placement (the \"\n \n Offering\n \n \") from\n \n C$30,000,000\n \n to\n \n C$36,000,000\n \n . Under the revised Offering, the Company will sell up to 45,000,000 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n C$0.80\n \n per Unit. Red Cloud Securities Inc. and Canaccord Genuity Corp. are acting as finders in connection with the Offering.\n \n\n\n\n\n\n\n\n\n Each Unit will consist 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 will entitle the holder thereof to purchase one Common Share at a price of\n \n C$1.00\n \n for a period of 36 months following the issue date.\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.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (\"\n \n NI 45-106\n \n \"), up to 12,500,000 Units that may be sold under the Offering, representing gross proceeds of up to\n \n C$10,000,000\n \n (the \"\n \n LIFE Units\n \n \") will be offered for sale to purchasers in all of the provinces of\n \n Canada\n \n (the \"\n \n Canadian Selling Jurisdictions\n \n \") pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"\n \n Lis...