Atlas SALT Announces Institutionally Targeted Strategic Private Placement FOR up to $10 Million
TSXV: SALT
333 Duckworth Street, St. John's
NL, A1C 1G9
Telephone: (709) 754-3186
Fax: (709) 754-3946
AtlasSalt.com
ATLAS SALT ANNOUNCES INSTITUTIONALLY
TARGETED STRATEGIC PRIVATE PLACEMENT FOR
UP TO $10 MILLION
St. John’s, Newfoundland and Labrador, January 12, 2023 – Atlas Salt (the “Company” or “Atlas” -
TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt
project, announces a non-brokered private placement for up to five million units at a price of $2.00 per unit
for aggregate gross proceeds of up to $10,000,000 (the “Offering”) targeting strategic institutional investors.
Each unit will consist of one common share of the Company and one -half of one common share purchase
warrant. Each full warrant will entitle the holder thereof to purchase one common share at a price of $2.40 per
share at any time two years from the closing of the Offering.
The Offering is scheduled to close on or about January 16, 2023 (the “Closing Date”), or such later date
as the Company may determine, and is subject to certain conditions including, but not limited to, receipt of
TSX Venture Exchange conditional acceptance.
The Company may pay certain eligible finders a finder’s fee comprising a cash commission of up to 7% of
the gross proceeds of the Offering and non -transferable finder’s warrants of up to 7% of the number of
Common Shares. Such finder’s warrants shall entitle the holder to acquire one common share of the
Company at a price of $2.40 for a period of 24 months from the Closing Date.
There is an offering document related to this Offering that can be accessed under the issuer’s profile at
www.sedar.com. Prospective investors should read this offering document before making an investment
decision.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument
45-106 Prospectus Exemptions (“NI 45-106”), the Offering is being made t o purchasers resident in all
provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI
45-106 (the “Listed Issuer Financing Exemption”). The common shares offered under the Listed Issuer
Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.
It is anticipated that the net proceeds of the Offering will be used for general working capital purposes and
the advancement and initiation of the pre-production development of the Great Atlantic Salt Project on the
west coast of Newfoundland.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful
including any of the securities in the United States of America. The securities have not been and will not
be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) , or any state
securities laws and may not be offered or sold within the United States or to, or for acco unt or benefit of,
U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such registration requirements is available.
Atlas Salt Corporate Video
Click on the following link to view the Company’s latest corporate video:
https://youtu.be/RlH5--Q2Vu0
Project Map
About Atlas Salt
Bringing the Power of SALT to Investors: Atlas Salt owns 100% of the Great Atlantic salt deposit
strategically located in western Newfoundland in the middle of the robust eastern North America road salt
market. The project features a large homogeneous high-grade resource located immediately next to a deep
water port. Atlas is also the largest shareholder in Triple Point Resources as it pursues development of the
Fischell’s Brook Salt Dome in the heart of an emerging Clean Energy Hub on the west coast of
Newfoundland.
We seek Safe Harbor.
For information, please contact:
Patrick J. Laracy, CEO
(709) 754-3186
Email: [email protected]
MarketSmart Communications Inc.
Adrian Sydenham
Toll-free: 1-877-261-4466
Email: [email protected]
Forward-Looking Statements
This press release includes certain "forward -looking information" and "forward -looking statements" (collectively "forward -looking
statements") within the meaning o f applicable Canadian securities legislation. All statements, other than statements of historical fact,
included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-
looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results
"will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things:
statements relating to the successful closing of the Offering and anticipated timing thereof and the intended use o f proceeds. Actual
future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions
and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties
and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or ma y be expressed or implied by such forward -looking statements
and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without
limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on
the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the
Company does not assume any obligation to update t he forward-looking statements of beliefs, opinions, projections, or other factors,
should they change, except as required by law.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defin ed in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.