3 stories mentioning SALT.VUpdated just now
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Atlas Salt's (SALT.V) chief financial officer Jeff Kilborn resigned for personal reasons, the company said after markets closed on Monday.The company said it has started a process to identify a new CFO.
Atlas Salt (SALT.V) closed its bought deal offering of common shares raising $15.2 million, it said on Thursday.The company issued 12.6-million common shares at $1.20 apiece pursuant to National Instrument 45-106 - Prospectus Exemptions (NI 45-106), as part of the offering."The proceeds from this financing will enable us to accelerate our ongoing early works and site preparation program, advance detailed engineering, and continue to build momentum with our strategic project partners," said Atlas Salt CEO Nolan Peterson. "We are well-positioned to deliver on our near-term development milestones and to create lasting value for our new and existing shareholders."Shares of the company were last seen unchanged at $1.22 on the TSX Venture Exchange.
Atlas Salt (SALT.V) on Friday said it will raise up to $1.25 million in a private placement of flow-through shares.The company said it will place 961,539 of the tax-advantaged shares priced at at $1.30 each.Proceeds raised from the sale of the FT shares will be used to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" to advance exploration on the nepheline discovery at its Black Bay Property in Southern Labrador.Closing of the offering is expected to occur on or about May 20."Since the initial discovery of Nepheline Syenite at our Black Bay property, Atlas Salt has been eager to follow up on the early evaluation of this occurrence," said Chief Executive Nolan Peterson. "Shareholders should view this flow-through offering as a relatively low-cost opportunity to uncover value and subsequently potentially monetize a non-core asset."Shares of the company were last seen down $0.02 to $1.16 on the TSX Venture Exchange.Price: $1.17, Change: $-0.01, Percent Change: -0.85%
