Global Atomic Launches C$15 Million Private Placement

Global Atomic (TSE:GLO) has released an update.

Global Atomic Corporation has initiated a private placement aiming to raise up to C$15 million, selling units at C$1.35 each to fund its Dasa Project and bolster general working capital. The units include one common share and a purchase warrant with a C$1.80 exercise price, subject to acceleration if share prices exceed C$2.50. The offering is expected to close by July 31, 2024, with Red Cloud Securities Inc. acting as a finder.

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