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File: ATOM News - Atom Arranges Private Placement & Debt Settlement (Dec2 2016).docx

      




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December 2 2016                TSX-V: AGY.H 


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ATOM ENERGY ANNOUNCES PRIVATE PLACEMENT AND DEBT SETTLEMENT
Atom Energy Inc. (TSX-V: AGY.H) ("Atom" or "the Company") announces that it is proposing a non-brokered private placem
--->ent for gross proceeds of $82,500 through the issuance of 500,000 common shares at a price of $0.165 per share.  Share
--->s to be issued for this private placement will be made available by way of an exemption to accredited investors (as de
--->fined in National Instrument 45-106 - Prospectus and Registration Exemptions) in Canada and to certain other qualified
---> investors as the Company may agree.  There will be no warrants or finders' fees associated with this private placemen
--->t.  

Proceeds of the private placement will be allocated to working capital and other corporate purposes.

Debt Settlement
The Company also announces that it has entered into agreements with certain of its creditors pursuant to which it has 
--->agreed to settle debt in an aggregate amount of approximately $112,139 in exchange for the issuance of an aggregate of
---> approximately 679,630 common shares.  The debt settlement will be based on a deemed price of $0.165 per share.

TSX-V Approval and Statutory Hold Periods
Closing of the debt settlement and the private placement will be subject to TSX Venture Exchange approval.

All shares issued in connection with the private placement and debt settlement will be subject to a four month plus on
--->e day statutory hold period.

ON BEHALF OF THE BOARD OF DIRECTORS
   "John Veltheer "
John Veltheer, CEO & Director 
For information, please contact the Company:
Phone: (604) 562-6915
E-mail: john@veltheer.com 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in t
--->he United States. The securities have not been and will not be registered under the United States Securities Act of 19
--->33, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the Unit
--->ed States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or a
--->n exemption from such registration is available.
Caution concerning forward-looking statements
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and p
--->rojections regarding its business and the economic environment in which it operates.  These statements are not guarant
--->ees of future performance and involve risks and uncertainties that are difficult to control or predict.  Therefore, ac
--->tual outcomes and results may differ materially from those expressed in these forward-looking statements and readers s
--->hould not place undue reliance on such statements.  Statements speak only as of the date on which they are made, and t
--->he Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future eve
--->nts or circumstances, unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX
---> Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.