Global Atomic Comments on Disgruntled Activist’s Attempt to Take Control of Company
Global Atomic Comments on Disgruntled Activist’s Attempt to Take Control of
Company
• Distracting and potentially costly action will not succeed
• Business as usual at the Company
TORONTO, May 30, 2018 -- Global Atomic Corporation (“Global Atomic” or the “Company”) , (TSX-V:GLO) confirms it
is aware of the announcement by Greyling Investments (“Greyling”) regarding its intention to nominate six candidates to stand
for election at the Company’s annual and special meeting of shareholders.
Sadly, Greyling’s misguided views are heavy on innuendo and light on facts. Global Atomic will provide a detailed response in
due course. In the meantime, it is business as usual at the Company.
As part of its active and ongoing communications with all shareholders, and reflective of Greyling’s early investment in both of
the Company’s predecessor entities, Global Atomic’s Board of Directors (the “Board”) had reached-out to Greyling ahead of
the merger of Silvermet and Global Atomic, and Greyling – who now criticizes the merger – was supportive.
It is unfortunate that a self-interested activist with a personal issue against the Company has chosen to distract from Global
Atomic’s progress. It is, however, not surprising given the track record of disruption and operational interference that this
dissident has demonstrated with the predecessor entities. Despite the unnecessary time and money that Greyling’s
misguided actions will require, the Board and management of Global Atomic remain focused on continuing to deliver on its
strategic plan and building long-term value for all shareholders.
As a reminder to all market participants, the Company expects all shareholders, including any persons acting jointly or in
concert with Greyling, to comply with Canadian early warning and alternative monthly reporting rules.
Advisors
Global Atomic has retained Norton Rose Fulbright Canada LLP as its legal advisor and Kingsdale Advisors as its strategic
shareholder and communications advisor.
About Global Atomic
Global Atomic is a TSX Venture listed company providing a unique combination of high grade uranium development and cash
flowing zinc concentrate production. Global Atomic’s Uranium Division includes six exploration permits in the Republic of Niger
covering an area of approximately 750 km2. Uranium mineralization has been identified on each of the permits, with the most
significant discovery being the DASA deposit situated on the Adrar Emoles III concession, discovered in 2010 by Global
Atomic geologists through grassroots field exploration. The DASA deposit is currently under development in order to begin
shipments to Orano Mining’s uranium processing plant in Arlit, Republic of Niger, under an MOU signed in July 2017.
Global Atomic’s Base Metals Division holds a 49% interest in the BST joint venture, operating a facility located in Iskenderun,
Turkey that converts EAFD (Electric Arc Furnace Dust) into a high grade zinc oxide concentrate which is sold to zinc smelters
around the world. The Company’s joint venture partner, Befesa Zinc S.A.U. (“Befesa”), holds a 51% interest in and is the
operator of BST. Befesa is a market leader in EAFD recycling, capturing approximately 45% to 50% of European EAFD
market with facilities located throughout Europe and Korea.
Media Contact:
Kingsdale Advisors
Ian Robertson, 416-867-2333
Executive Vice President, Communication Strategy
Cell: 647-621-2646