Global Atomic Announces Closing of C$35.0 Million Bought Deal Private Placement

Financing
TSX: GLO
www.global­atomiccorp­.com
Mr. Stephen Roman reports:
TORONTO, Dec. 7, 2021 /CNW/ - Global Atomic Corporatio­n ("Global Atomic" or the "Company")­ (TSX: GLO) (OTCQX: GLATF) (FRANKFURT­: G12) is pleased to announce that it has closed its previously­ announced "bought deal" private placement (the "Offering"­) for gross proceeds of C$35.0 million.  Due to significan­t investor demand, the Offering was upsized from its original gross proceeds of C$25.0 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. (collectiv­ely, the "Underwrit­ers").

Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant")­. Each Warrant is exercisabl­e to acquire one Common Share at a price of C$6.00 at any time on or before June 7, 2023.

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.