Core Viewpoint - Atomic Minerals Corporation has successfully closed a non-brokered private placement, raising a total of $400,000 through two offerings, aimed at funding exploration expenses for its uranium projects in Canada [1][4]. Group 1: Private Placement Details - The company closed a non-brokered private placement under the Listed Issuer Financing Exemption, issuing 1,028,234 flow-through common shares at $0.125 per share, resulting in gross proceeds of $128,529 [1]. - Concurrently, the company issued 2,171,766 flow-through common shares at the same price, generating an additional $271,471 in gross proceeds [1]. - A total of $10,600 in finder's fees was paid, and 84,800 non-transferable warrants were issued, each exercisable at $0.125 for one year [3]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to fund Canadian exploration expenses that qualify as "flow-through mining expenditures" for the company's uranium project in Saskatchewan [4]. Group 3: Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to known uranium deposits [6]. - The company's property portfolio includes uranium projects in three North American locations, with significant technical merit and historical uranium production [7].
Atomic Minerals Announces Closing of Non-Brokered LIFE Offering and Concurrent Private Placement of $400,000