GLOBAL ATOMIC CORPORATION ("GLO")
[formerly Silvermet Inc. ("SYI")]
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Name Change and Consolidation
BULLETIN DATE: December 22, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a combination agreement (the "Amalgamation") dated August 17, 2017 pursuant to which the Issuer has acquired all the issued and outstanding shares of Global Atomic Fuels Corporation ("Global") for 56,221,296 post-consolidation common shares (the "Consideration Shares").
Of the Consideration Shares, 51,664,972 post-consolidation common shares were issued to former Global shareholders and 4,556,324 post-consolidation common shares were issued to new Global shareholders who purchased shares in a $1,459,000 private placement (the "Global Financing") at an effective cost of $0.32 per post-consolidation Issuer share. In addition, a total of 2,895,981 warrants of the Issuer were issued to former Global warrantholders and another 2,278,162 warrants of the Issuer were issued to the Global Financing subscribers, both on a post-consolidation basis.
As compensation for the Global Financing, an arm's length finder (the "Finder") received $38,930 cash and 121,575 warrants @$0.384 per Issuer share for 18 months on a post-consolidation basis.
Insider / Pro Group Participation:
Insider=Y / # of Post-Consolidation shares
Name ProGroup=P received in the Amalgamation
Stephen Roman Y 4,469,820
Ian Atacan Y 18,347
Keith Spurr Y 195,181
Rein Lehari Y 39,036
Derek Rance Y 42,940
Doug Scharf Y 39,036
Tim Campbell Y 7,982
Aggregate Pro Group P 218,604
Name Change and Consolidation
Pursuant to a resolution passed by shareholders on September 29, 2017, the Company has consolidated its capital on a 2.75 old for 1 new basis. The name of the Company has also been changed.
Effective at the opening Wednesday, December 27, 2017, the common shares of Global Atomic Corporation will commence trading on TSX Venture Exchange, and the common shares of Silvermet Inc. will be delisted. The Company is classified as an 'Exploration/Development' company.
Post - Consolidation
Capitalization: Unlimited number of common shares with no par value of which
107,895,738 shares are issued and outstanding
Escrow: 0
Transfer Agent: TSX Trust Company
Trading Symbol: GLO (new)
CUSIP Number: 37957M106 (new)
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