ACCESS Newswire
21 Nov 2023, 00:14 GMT+10
VANCOUVER, BC / ACCESSWIRE / November 20, 2023 / Atomic Minerals Corporation ('ATOMIC MINERALS' or the 'Company') (TSX Venture:ATOM) Further to its news release on November 10, 2023, the Company has entered into a revised debt settlement agreement with an arm's length third party of the Company, pursuant to which the Company has agreed to issue an aggregate of 579,710 common shares (each, a 'Share') at a deemed price of $0.08625 per Share, to settle a total indebtedness of CAD$50,000 (the 'Transaction').
The Company determined to satisfy this outstanding indebtedness with Shares to preserve its cash for operations. The Transaction is subject to TSX Venture Exchange approval. All Shares issued pursuant to the Transaction will be subject to a four-month and one-day hold period.
About the Company
Atomic Minerals is a Vancouver based publicly listed uranium exploration company trading on the TSX Venture Exchange, with current assets in Saskatchewan's Athabasca Basin and the Four Corners region of the southwest United States. The Company is led by a highly skilled management and technical team with numerous previous successes in the junior mining sector.
For additional information, please visit the Company's website at www.atomicminerals.ca
ON BEHALF OF THE BOARD OF DIRECTORS
'Clive Massey'
Clive H. Massey
President & CEO
For further information, please contact:
Dave Langlais
(778) 316-5105
Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains certain statements that may be deemed 'forward-looking' statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
###
SOURCE: Atomic Minerals Corporation
Get a daily dose of BC Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
New Delhi [India], July 11 (ANI): New Pakistan white-ball coach Mike Hesson has revealed the steps that experienced duo Babar Azam...
(Photo credit: Eakin Howard-Imagn Images) The Boston Red Sox are feeling good. After sweeping back-to-back cellar dwellers in the...
(Photo credit: Ken Blaze-Imagn Images) Tarik Skubal had his final start before the All-Star break moved up. The Seattle Mariners...
(Photo credit: Matt Marton-Imagn Images) Pete Crow-Armstrong enters his first trip to Yankee Stadium as a member of the 25-25 club...
(Photo credit: Denis Poroy-Imagn Images) Fernando Tatis Jr. and Manny Machado each homered as the San Diego Padres beat the visiting...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Marcus Semien went 4-for-5 with an RBI and three runs scored and Adolis Garcia homered...