TORONTO, Jan. 24, 2025 /CNW/ – Global Atomic Corporation (“Global Atomic” or the “Company“) (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 “Offering“) from C$30,000,000 to C$36,000,000. Under the revised Offering, the Company will sell up to 45,000,000 units of the Company (each, a “Unit“) at a price of C$0.80 per Unit. Red Cloud Securities Inc. and Canaccord Genuity Corp. are acting as finders in connection with the Offering.
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$1.00 for a period of 36 months following the issue date.
The Company intends to use the net proceeds from…
