- Atlas Salt (SALT) announced a non-brokered private placement for gross proceeds of up to $10,000,000
- The company will issue up to five million units at a price of $2.00 per unit
- The offering is scheduled to close on or about January 16th
- Atlas Salt owns the Great Atlantic salt deposit located in Newfoundland
- Atlas Salt Inc. (SALT) opened trading at C$2.11
Atlas Salt (SALT) announced a non-brokered private placement for gross proceeds of up to $10,000,000.
The company will issue up to five million units at a price of $2.00 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $2.40 per share at any time for two years.
The offering is scheduled to close on or about January 16th.
The company may pay finder’s fee consisting of a cash commission and non-transferable finder’s warrants.
Atlas Salt owns the Great Atlantic salt deposit located in Newfoundland in the middle of the eastern North American road salt market.
Atlas Salt Inc. (SALT) opened trading at C$2.11.