Atlas Salt Inc. Announces $10 Million Bought Deal Private Placement
Atlas Salt Inc. entered into an agreement to sell 8,333,400 common shares at $1.20 each for gross proceeds of $10,000,080. The deal includes an option for underwriters to purchase up to 15 percent more shares.
manilatimes.netAtlas Salt Inc. entered into an agreement with Ventum Financial Corp. on behalf of itself and Raymond James Ltd. as co-lead underwriters and co-lead bookrunners on May 31, 2026. The underwriters agreed to purchase 8,333,400 common shares of Atlas Salt Inc.
20 per share on a bought deal private placement basis. The aggregate gross proceeds of the offering total $10,000,080. 20 per share.
This underwriter's option is exercisable in whole or in part at any time up to 48 hours prior to the closing of the offering. The offering is being conducted under the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935.
The common shares issuable under the offering will not be subject to a hold period under applicable Canadian securities legislation.
The shares are offered for sale to purchasers resident in all provinces of Canada. S. Securities Act of 1933.
The announcement was issued from St. George's, Newfoundland and Labrador. Atlas Salt Inc. trades under the symbols TSXV: SALT, OTCQX: SALQF, and FRA: 9D00. S.
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