Toronto, Ontario, June 09, 2022 (GLOBE NEWSWIRE) -- Atlas One Capital Corporation (TSXV: ACAP.P) (the "Corporation") is pleased to announce that it has successfully completed its initial public offering of 2,660,000 common shares (the "Common Shares") at a price of $0.10 per share for gross proceeds of $266,000 (the "Offering"). As a result of this issuance, the Corporation has 5,320,000 Common Shares issued and outstanding of which 2,660,000 Common Shares are subject to escrow restrictions as disclosed in the Corporation's final prospectus dated April 5, 2022, a copy of which may be obtained on the Corporation’s System for Electronic Document Analysis and Retrieval ("SEDAR") profile at www.sedar.com. M Partners Inc. (the "Agent") acted as agent for the Offering. In connection with the Offering, the Agent and other sub-agents received an aggregate cash commission of $26,600, representing 10% of the gross proceeds of the Offering. In addition, the Agent received a corporate finance fee of $20,000, and a non-transferrable warrant entitling the Agent to acquire 266,000 Common Shares at a price per Common Share of $0.10, exercisable until close of business on June 8, 2024.
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