On September 9, 2024, Atomic Minerals Corporation (TSXV: ATOM) provided an update on its Private Placement Offering. Following the initial announcement on July 31, 2024, regarding the first tranche’s closure, the company received approval from the TSX-V to extend the closing date for the second tranche until September 20, 2024. The second tranche consists of up to 4,550,000 Units at $0.05 per Unit, with potential proceeds of $227,500.
The total Private Placement Offering includes up to 6,000,000 Units at $0.05 per Unit, aiming for gross proceeds of up to $300,000. Each Unit comprises one Common Share and one Common Share purchase warrant (Warrant), allowing the holder to purchase one Common Share at $0.10 per share within two years of closing.
The First Tranche of the Offering closed with 1,450,000 Units issued at $0.05 per Unit, generating $72,500 in gross proceeds. The First Tranche Warrants are valid until July 31, 2026, and a statutory hold period prohibits the transfer or sale of securities until December 1, 2024.
Finder’s fees of 8% were paid in cash and warrants totaling $4,800, along with 96,000 non-transferable finder’s warrants. These warrants enable holders to purchase Common Shares at prices ranging from $0.05 to $0.10 per share for two years until July 31, 2026.
Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange (Symbol: ATOM), led by a proficient management and technical team experienced in the junior mining sector. The company’s strategic focus is on identifying exploration opportunities in overlooked regions that share geological similarities with areas of previous uranium discoveries. Its property portfolio includes uranium projects in North America, specifically in regions like the Colorado Plateau, Athabasca Basin, and Northern Saskatchewan, with great technical potential.
For more information about the company and its projects, please visit their website at www.atomicminerals.ca.
Clive H. Massey, President & CEO, Atomic Minerals Corp., issued this update. The TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy of this release.
This news release includes forward-looking statements that are based on reasonable assumptions but do not guarantee future performance. Actual results may vary from these statements, and the company undertakes no obligation to update them unless required by law.
To access the original source of this press release, visit https://www.newsfilecorp.com/release/222736.
