10:50 AM EDT, 07/24/2024 (MT Newswires) -- Global Atomic Corporation ( GLATF ) was down near 16% and had hit fresh 52 week lows on Wednesday as it increased its non-brokered private placement by $5 million, to $20 million. The company will now sell more than 14.8 million units at $1.35 each.

Each Unit will consist of one common share and one common share purchase warrant. Each whole warrant is exercisable for one share at $1.80 for two years.

Proceeds will be used to advance the Dasa Project and for general working capital purposes.

The offering is expected to close around July 31.

Price: 1.31, Change: -0.25, Percent Change: -16.03