Business
ATLAS SALT ANNOUNCES UPSIZED BOUGHT DEAL LIFE OFFERING OF COMMON SHARES
Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV: SALT) (OTCQX: SALQF) (FRA: 9D00) is pleased to announce that, as a result of strong investor demand, it has amended its agreement with Ventum Financial Corp. and Raymond James Ltd., as co-lead underwriters (the "Underwriters"), to increase the size of its previously announced underwritten bought deal listed issuer financing exemption offering of common shares of the Company (the "Common Shares") from gross proceeds of approximately C$10,000,
About this update from Atlas Salt Inc
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ ST. GEORGE'S, NL, June 1, 2026 /CNW/ - Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV: SALT) (OTCQX: SALQF) (FRA: 9D00) is pleased to announce that, as a result of strong investor demand, it has amended its agreement with Ventum Financial Corp. and Raymond James Ltd., as co-lead underwriters (the "Underwriters"), to increase the size of its previously announced underwritten bought deal listed issuer financing exemption offering of common shares of the Company (the "Common Shares") from gross proceeds of approximately C$10,000,000 to gross proceeds of C$15 million (the "Offering"). Under the Offering, the Underwriters have agreed to purchase, on a bought deal basis, 12,500,000 Common Shares at a price of C$1.20 per Common Share (the "Offering Price"). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Offering is being made 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 (the "Listed Issuer Financing Exemption"), and will be offered for sale to purchasers resident in all provinces of Canada. The Common Shares issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The Common Shares may also be sold in Share offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The Company has also granted the Underwriters an option (the "Underwriters' Option"), exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to purchase additional Common Shares at the Offering Price for additional gross proceeds of up to C$1,294,800. There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.atlass...