Atomic Minerals Proceeds to Consolidation
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For Immediate Release
PRESS RELEASE
October 16th, 2023
Symbol: TSX-V: ATOM
Atomic Minerals Proceeds to Consolidation
Vancouver, British Columbia, October 16, 2023 – Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) announces that further to its news release
on October 11, 2023, the Company will proceed to consolidate its common shares on the basis of one
(1) post-consolidation common share for every five (5) pre -consolidation common shares (the
"Consolidation"). The Company will not be changing its name or trading symbol.
The Company’s new ISIN and CUSIP will be CA04965P2089 and 04965P208 respectively. The Record
date for the consolidation will be October 17, 2023 and the Effective date will be October 18, 2023
subject to TSX Venture Exchange ("TSXV") approval.
Currently there are 68,274,598 common shares issued and outstanding and after the Consolidation there
will be approximately 13,654,920 common shares issued and outstanding. No fractional Shares will be
issued as a result of the Consolidation. Instead, any fractional share interest of 0.5 or higher arising from
the Consolidation will be rounded up to one whole Share, and any fractional share interest of less than
0.5 will be cancelled.
The Board has concluded that the Consolidation will position the Company with increased flexibility to
seek additional capital given the current market conditions and would be in the best interests of the
shareholders as it could lead to increased interest by a wider audience of potential investors and could
better position the Company to obtain financing and pursue acquisition opportunities. In accordance with
the Articles of the Company, the Consolidation may be approved by the board of directors of the
Company and shareholder approval is not required.
Registered shareholders of the Company will receive a letter of transmittal from the Company's transfer
agent with instructions for exchanging their pre-Consolidation Shares. Shareholders who hold their
Shares through a broker or other intermediary will not need to complete a letter of transmittal.
The Company will also proceed with a proposed Private Placement (the "Offering") with the sale of
units (the "Units") at a price to be determined on a post-consolidated basis. The closing of the Offering
is subject to receipt of all necessary regulatory approvals including the TSXV. Finder's fees may be
payable in accordance with the policies of the TSXV.
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. Our objective at Atomic Minerals is to identify exploration
opportunities in regions that have been previously overlooked but are geologically similar to those with
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previous uranium discoveries. These underexplored areas hold immense potential and are in stable
geopolitical and economic environments.
Currently, our property portfolio contains Uranium projects with significant technical merit in two
locations known for hosting Uranium production in the past. we have three on the Colorado Plateau,
within the continental United States. The plateau has previously produced 597 million pounds of U3O8
The other three are in the prolific Athabasca region in Saskatchewan, Canada.
For additional information, please visit the Company's website at www.atomicminerals.ca
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Dave Langlais
(778) 316-5105
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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