Vancouver, British Columbia--(Newsfile Corp. - January 23, 2024) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") Further to the Company's news release on December 6, 2023, the Company has received approval from the TSX Venture Exchange to close the second and final tranche of its Private Placement Offering and has issued 4,006,667 Units at $0.075 per Unit for gross proceeds of $300,500.00 (the "Second Tranche").
Each Unit consists of one Common Share and one transferable Common Share purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of three (3) years expiring on January 22, 2027.
Pursuant to the applicable statutory hold period, all securities issued pursuant to the Second Tranche may not be transferred or sold until May 23, 2024. Closing of the Second (and final) Tranche of this Private Placement has received the final acceptance of the TSX Venture Exchange. No finder's fees are payable on the Second Tranche.
Pursuant to the First and Second Tranches, the Company has issued an aggregate of 13,332,117 Units for total gross proceeds of CAD $ 999,908.75.
Total Finders' fees paid on the Private Placement was for the First Tranche only; $30,614.40 and 408,192 non-transferable finder's warrants expiring December 6, 2025. The finder's warrants entitle the holders to purchase one Common Share in the capital of the Company at an exercise price of $0.10 per Common Share.