Peterson McVicar Acts for Global Atomic in C$35.0 Million Bought Deal Private Placement
On December 7, 2021 Global Atomic Corporation (“Global Atomic” or the “Company”) announced that it had closed its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$35.0 million. Under the Offering, the Company sold 8,750,000 units of the Company (the “Units”) at a price of C$4.00 per Unit. The Units were sold through a syndicate of underwriters led by Red Cloud Securities and included Cormark Securities Inc.
The Company intends to use the net proceeds raised from the Offering for the exploration and development of the Company’s Dasa uranium project in the Republic of Niger (the “Dasa Project”) and for general working capital and corporate purposes.
Global Atomic Corporation is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.
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