Business Acquisition Report
May 18 2018 - 4:06PM
Global Atomic Corporation (“Global Atomic” or the “Company”),
(TSX-V:GLO) has filed a Business Acquisition Report on Sedar in
connection with its acquisition of Global Atomic Fuels Corporation
(“GAFC”) on December 22, 2017, pursuant to a review of the
acquisition by the Ontario Securities Commission. This Business
Acquisition Report was required to be filed on or before March 7,
2018. The Company had initially considered the transaction to be a
reverse takeover for accounting purposes, in which case a report
would not be required. On subsequent re-analysis, it was determined
that the transaction was not a reverse takeover for accounting
purposes and therefore this report is required to be filed. As part
of the current filing, the Company has included the audited
financial statements of GAFC for the years ended December 31, 2016
and 2015, which were previously filed with the Management
Information Circular dated September 1, 2017. Due to a collation
error, the auditor’s report filed was not the report for the
correct fiscal year. This error has been corrected with the current
filing.
About Global AtomicGlobal
Atomic is a TSX Venture listed company that provides a unique
combination of high grade uranium development and cash flowing zinc
concentrate production.
Global Atomics’ Uranium Division includes six
exploration permits in the Republic of Niger covering an area of
approximately 750 km2. Uranium mineralization has been
identified on each of the permits, with the most significant
discovery being the DASA deposit situated on the Adrar Emoles III
concession, discovered in 2010 by Global Atomic geologists through
grassroots field exploration.
Global Atomics’ Base Metals Division holds a 49%
interest in the BST joint venture which operates a re-processing
facility located in Iskenderun, Turkey that converts EAFD (Electric
Arc Furnace Dust) into a high-grade zinc oxide concentrate which is
sold to zinc smelters around the world. The Company’s joint
venture partner, Befesa Zinc S.A.U. (“Befesa”), holds a 51%
interest in and is the operator of BST. Befesa is a market
leader in EAFD recycling with facilities located throughout Europe
and Korea.
Key contacts:
Stephen G. Roman
George A. Flach, P.Geo.Chairman, President &
CEO
Vice
President, ExplorationTel: (416) 368-3949
Tel: (416) 368-3949 Email:
sgr@globalatomiccorp.com
Email:
gaflach@globalatomiccorp.com
The information in this release may contain
forward-looking information under applicable securities laws. This
forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially from those implied by the forward-looking
information. Factors that may cause actual results to vary include,
but are not limited to, inaccurate assumptions concerning the
exploration for and development of mineral deposits, political
instability, currency fluctuations, unanticipated operational or
technical difficulties, changes in laws or regulations, the risks
of obtaining necessary licenses and permits, changes in general
economic conditions or conditions in the financial markets and the
inability to raise additional financing. Readers are cautioned not
to place undue reliance on this forward-looking
information. The Company does not assume
the obligation to revise or update this forward-looking information
after the date of this release or to revise such information to
reflect the occurrence of future unanticipated events, except as
may be required under applicable securities laws.
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