Atlas Salt Announces Institutionally Targeted Strategic Private Placement for up to $10 Million
ATLAS SALT ANNOUNCES INSTITUTIONALLY TARGETED STRATEGIC PRIVATE PLACEMENT FOR UP TO $10 MILLION St. John’s, Newfoundland and Labrador, January 12, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt project, announces a non-brokered private placement for up to five million units at a price of $2.00 per unit for aggregate gross proceeds of up to $10,000,000 (the “Offering”) targeting strategic institutional investors. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one common share at a price of $2.40 per share at any time two years from the closing of the Offering. The Offering is scheduled to close on or about January 16, 2023 (the “Closing Date”), or such later date as the Company may determine, and […]