Global Atomic Launches C$25M Public Offering

Global Atomic (TSE:GLO) has released an update.

Global Atomic Corporation has announced a C$25 million public offering of units at C$1.20 each, which include a common share and a purchase warrant. The proceeds from the offering, which is set to close around October 16, 2024, are intended for the development of the Dasa Project in Niger and for general corporate purposes. An additional 15% of units may be sold through an over-allotment option for market stabilization.

For further insights into TSE:GLO stock, check out TipRanks’ Stock Analysis page.