- Global Atomic (OTCQX:GLATF) enters agreement with Red Cloud Securities under which a syndicate of underwriters have agreed to purchase for resale 6.25M units at a price of C$4.00 per unit.
- Gross proceeds will amount to C$25M.
- Underwriters' option to purchase for resale up to 750,000 units for additional gross proceeds of up to C$3M.
- Net proceeds raised to be used for exploration and development of the company's Dasa Uranium Project in the Republic of Niger and for general working capital purposes.
- Offering is scheduled to close on or around December 7, 2021.