Atlas Salt Announces Closing of First Tranche of Strategic $10 Million Private Placement
ATLAS SALT ANNOUNCES CLOSING OF FIRST TRANCHE OF STRATEGIC $10 MILLION PRIVATE PLACEMENT St. John’s, Newfoundland and Labrador, January 17, 2023 – Atlas Salt (the “Company” or “Atlas” - TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt project, is pleased to announce that further to its news release dated January 12, 2023, it has successfully closed the first tranche (“First Tranche”) of its $10 million non-brokered private placement (the “Offering”). The balance of the $10 million Offering is fully spoken for and is expected to close January 19, 2023. In the First Tranche the Company issued an aggregate of 2,500,000 units (the “Units”) at a price of $2.00 per Unit for gross proceeds of $5,000,000. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant for an aggregate of 2,500,000 common shares and 1,250,000 warrants. Each […]