Global Atomic Announces C$10 Million Bought Deal Private Placement
NEWS RELEASE
Global Atomic Announces C$10 Million Bought Deal Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Toronto, ON, February 25 , 2021 : Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO,
FRANKFURT: G12, OTCQX: GLATF) is pleased to announce that it has entered into an agreement with Red Cloud
Securities Inc. (“Red Cloud”) pursuant to which Red Cloud, as lead underwriter and sole bookrunner on behalf of
a syndicate of underwriters (the “Underwriters”) shall purchase for resale 5,000,000 units of the Company (the
“Units”) at a price of C$2.00 per Unit (the “Offering Price”) on a “bought deal” private placement basis for gross
proceeds of C$10,000,000 (the “Offering”). Each Unit shall be 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 shall be exercisable into one Common Share at a price of C$3.00 at any time
on or before the date which is 18 months after the closing date of the Offering.
The Company has granted the Underwriters an over-allotment option, exercisable up to 48 hours prior to the
closing date, to purchase for resale up to 1,250,000 additional Units at the Offering Price to raise additional gross
proceeds of up to C$2,500,000.
The net proceeds raised from the sale of Units will be for the advancement of the Company’s Dasa uranium project
in Niger and for general working capital and corporate purposes. The Offering is scheduled to close on or about
March 16, 2021 and is subject t o certain conditions, including, but not limited to, the receipt of all necessary
regulatory and other approvals, including the approval of the listing of the Common Shares on the Toronto Stock
Exchange (the “TSX”). Resale of the Common Shares distributed under the Offering will be subject to a hold period
of four months and one day following the closing date of the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within
the United States or to or f or the account or benefit of a U.S. person (as defined in Regulation S under the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
About Global Atomic
Global Atomic Corporation (www.globalatomiccorp.com) is a publicly listed company that provides a unique
combination of high-grade uranium mine development and cash-flowing zinc concentrate production.
The Company’s Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa
Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of
the Dasa Mining Permit and an Environmental Compliance Certificate by the R epublic of Niger, the Dasa Project
is fully permitted and final design in support of the Company’s Feasibility Study is on-going.
Global Atomics’ Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (“BST”) Joint
Venture, which operates a new, state of the art zinc production plant, located in Iskenderun, Turkey. The plant
recovers zinc from Electric Arc Furnace Dust (“EAFD”) to produce a high-grade zinc oxide concentrate which is sold
to zinc smelters around the world. The Compa ny’s joint venture partner, Befesa Zinc S.A.U. (“Befesa”) listed on
the Frankfurt exchange under ‘BFSA’, holds a 51% interest in and is the operator of the BST Joint Venture. Befesa
is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located
throughout Europe and Asia.
Key contacts:
Stephen G. Roman
Chairman, President and CEO
Tel: +1 (416) 368-3949
Email: [email protected]
Bob Tait
VP Investor Relations
Tel: +1 (416) 558-3858
Email: [email protected]
The information in this release may contain forward- looking information under applicable securities laws. Forward- looking information includes, but is not limited to, statements with respect to completion of
any financings; Global Atomic’s development potential and timetable of its operating, development and exploration assets; Global Atomic’s ability to raise additional funds necessary; the future price of uranium;
the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development
and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations;
and environmental and permitting risks. Generally, forward- looking statements can be identified by the use of forward- looking terminology such as "plans", “targets”, "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking
information. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global
Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in
its public documents filed on SEDAR from time to time.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Global Atomic has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward- looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward- looking statements. Global Atomic does not undertake to update any forward- looking statements, except in accordance with applicable securities laws. Readers should also
review the risks and uncertainties sections of Global Atomic’s annual and interim MD&As.
Neither TSX Venture Exchange nor its 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.