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Atomic Minerals Closes Second Tranche of Private Placement

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Atomic Minerals (TSXV: ATOM) has successfully closed the second and final tranche of its private placement offering, raising $105,000 through the issuance of 2,100,000 Units at $0.05 per Unit. This follows the first tranche closure on July 31, 2024, which raised $72,500. The total offering, comprising both tranches, amounts to $177,500 from 3,550,000 Units.

Each Unit consists of one Common Share and one transferrable Common Share purchase warrant, exercisable at $0.10 for two years. The Second Tranche Warrants expire on September 23, 2026. Finder's fees for the Second Tranche totaled $4,000 and 80,000 non-transferable warrants. Securities from the Second Tranche are subject to a hold period until January 24, 2025.

Atomic Minerals (TSXV: ATOM) ha concluso con successo la seconda e ultima tranche della sua offerta di collocamento privato, raccogliendo 105.000 dollari attraverso l'emissione di 2.100.000 Unit a 0,05 dollari per Unit. Questo segue la chiusura della prima tranche avvenuta il 31 luglio 2024, che ha raccolto 72.500 dollari. L'offerta totale, che comprende entrambe le tranche, ammonta a 177.500 dollari da 3.550.000 Unit.

Ogni Unit consiste in una Azione Comune e un warrant di acquisto di Azione Comune trasferibile, esercitabile a 0,10 dollari per due anni. I warrant della Seconda Tranche scadono il 23 settembre 2026. Le commissioni per il Finder per la Seconda Tranche ammontano a 4.000 dollari e 80.000 warrant non trasferibili. I titoli della Seconda Tranche sono soggetti a un periodo di blocco fino al 24 gennaio 2025.

Atomic Minerals (TSXV: ATOM) ha cerrado con éxito la segunda y última tranche de su oferta de colocación privada, recaudando $105,000 mediante la emisión de 2,100,000 Unidades a $0.05 por Unidad. Esto sigue al cierre de la primera tranche el 31 de julio de 2024, que recaudó $72,500. La oferta total, que comprende ambas tranches, asciende a $177,500 de 3,550,000 Unidades.

Cada Unidad consiste en una Acción Común y un warrant de compra de Acción Común transferible, ejercitable a $0.10 por dos años. Los Warrants de la Segunda Tranche expiran el 23 de septiembre de 2026. Las comisiones para el Finder de la Segunda Tranche totalizaron $4,000 y 80,000 warrants no transferibles. Los valores de la Segunda Tranche están sujetos a un periodo de restricción hasta el 24 de enero de 2025.

Atomic Minerals (TSXV: ATOM)는 두 번째이자 최종 트랜치의 사모펀드 모집을 성공적으로 마감하여 105,000달러를 모금했습니다. 이는 1단계 트랜치 마감이 이루어진 2024년 7월 31일에 72,500달러를 모금한 후의 일입니다. 두 트랜치를 포함한 총 모집금액은 177,500달러로 3,550,000 유닛이 됩니다.

각 유닛은 한 개의 보통주와 두 년 동안 $0.10에 행사 가능한 양도 가능한 보통주 구매 워런트로 구성됩니다. 두 번째 트랜치의 워런트는 2026년 9월 23일에 만료됩니다. 두 번째 트랜치의 브로커 수수료는 총 4,000달러 및 80,000개의 양도 불가능한 워런트로 구성됩니다. 두 번째 트랜치의 증권은 2025년 1월 24일까지 보유 기간이 적용됩니다.

Atomic Minerals (TSXV: ATOM) a réussi à clôturer la deuxième et dernière tranche de son offre de placement privé, levant ainsi 105 000 $ par l'émission de 2 100 000 Unités au prix de 0,05 $ par Unité. Cela fait suite à la clôture de la première tranche le 31 juillet 2024, qui avait levé 72 500 $. L'offre totale, comprenant les deux tranches, s'élève à 177 500 $ pour 3 550 000 Unités.

Chaque Unité se compose d'une Action Ordinaire et d'un bon de souscription transférable pour des Actions Ordinaires, exerçable à 0,10 $ pendant deux ans. Les Bons de Souscription de la Deuxième Tranche expirent le 23 septembre 2026. Les frais de courtage pour la Deuxième Tranche totalisent 4 000 $ et 80 000 bons non transférables. Les valeurs mobilières de la Deuxième Tranche sont soumises à une période de blocage jusqu'au 24 janvier 2025.

Atomic Minerals (TSXV: ATOM) hat erfolgreich die zweite und letzte Tranche seines Privatplatzierungsangebots abgeschlossen und 105.000 US-Dollar durch die Ausgabe von 2.100.000 Einheiten zu je 0,05 US-Dollar pro Einheit gesammelt. Dies folgt auf den Abschluss der ersten Tranche am 31. Juli 2024, bei der 72.500 US-Dollar gesammelt wurden. Das gesamte Angebot, welches beide Tranchen umfasst, beläuft sich auf 177.500 US-Dollar aus 3.550.000 Einheiten.

Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Kaufwarrant für Stammaktien, der für zwei Jahre zu 0,10 US-Dollar ausgeübt werden kann. Die Warrants der zweiten Tranche laufen am 23. September 2026 ab. Die Findergebühren für die zweite Tranche betrugen insgesamt 4.000 US-Dollar und 80.000 nicht übertragbare Warrants. Wertpapiere aus der zweiten Tranche unterliegen bis zum 24. Januar 2025 einer Haltedauer.

Positive
  • Successfully raised $105,000 in the second tranche of private placement
  • Total offering raised $177,500 across both tranches
  • Each Unit includes a warrant, potentially providing additional future capital
Negative
  • Dilution of existing shareholders due to issuance of new shares
  • Relatively small amount of capital raised may not significantly impact company operations

Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") further to its news release on July 31st, 2024 and September 9th, 2024 wherein the Company announced its Private Placement Offering and closing of a first tranche, on July 31, 2024, the Company is pleased to announce that it has received TSX-V approval to close the second and final tranche of 2,100,000 Units at $0.05 per Unit for proceeds of up to $105,000 (the "Second Tranche").

The first and second tranche consists of 3,550,000 Units ("Units") at $0.05 per Unit for gross proceeds of $177,500 (the "Offering").

Each Unit consists of one Common Share and one transferrable Common Share purchase warrant (the "Warrant"). Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of two (2) years following the date of closing.

The Company closed the first tranche of the Offering on July 31, 2024, and issued 1,450,000 Units at $0.05 per Unit for gross proceeds of $72,500 ("First Tranche"). The First Tranche Warrants expire on July 31, 2026. Pursuant to the applicable statutory hold period, all securities issued pursuant to the First Tranche may not be transferred or sold until December 1, 2024. 8% Finder's fees were paid in the form of cash and warrants on a portion of the First Tranche totaling $4,800 and 96,000 non-transferable finder's warrants. The finder's warrants entitle the holders to purchase one Common Share in the capital of the Company at an exercise price between $0.05 and $0.10 per Common Share for a period of two (2) years expiring on July 31, 2026.

The Company closed the Second Tranche of the Offering and has issued 2,100,000 Units at $0.05 per Unit for gross proceeds of $105,000. The Second Tranche Warrants expire on September 23, 2026. Pursuant to the applicable statutory hold period, all securities issued pursuant to the Second Tranche may not be transferred or sold until January 24, 2025.

Finder's fees were paid in the form of cash and warrants on a portion of the Second Tranche totaling $4,000 and 80,000 non-transferable finder's warrants. The finder's warrants entitle the holders to purchase one Common share at an exercise price of $0.10 per Common Share for a period of two (2) years expiring September 23, 2026.

About the Company

Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven track record in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Atomic Minerals' property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of U3O8; Three others are in the prolific Athabasca Basin region and nine uranium projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.

For additional information about the Company and its projects, please visit our website at www.atomicminerals.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

"Clive Massey"
Clive H. Massey
President & CEO

For further information, please contact:
info@atomicminerals.ca
(604) 341-6870

Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224334

FAQ

How much did Atomic Minerals (TSXV: ATOM) raise in its second tranche of private placement?

Atomic Minerals raised $105,000 in the second tranche of its private placement by issuing 2,100,000 Units at $0.05 per Unit.

What is the total amount raised by Atomic Minerals (TSXV: ATOM) in its recent private placement?

Atomic Minerals raised a total of $177,500 across both tranches of its recent private placement.

When do the warrants from Atomic Minerals' (TSXV: ATOM) second tranche expire?

The warrants from Atomic Minerals' second tranche expire on September 23, 2026.

What is the exercise price of the warrants issued in Atomic Minerals' (TSXV: ATOM) private placement?

The warrants issued in Atomic Minerals' private placement have an exercise price of $0.10 per Common Share.

ATOMIC MINERALS CORP

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