An anonymous director reports
GREAT ATLANTIC RESOURCES CORP. UPDATE
Great Atlantic Resources
Corp. has provided an update of a non-brokered private
placement announced July 31, 2014, and Aug. 25, 2014, for 1,765,000 units at
a price of 17 cents per unit. Each unit will comprise one common share and
one flow-through share purchase warrant, which may be exercised for a period
of five years at a price of 20 cents per share. The company has now submitted
final documentation for the third and final tranche of this financing to the
TSX Venture Exchange for final approval, which consists of 450,000 units.
Total units subscribed from all three tranches are 1.46 million for gross
proceeds of $248,200. The shares are subject to a four-month hold period
expiring four months after the closing dates.
The company further announces the following, which briefly describes the
matters voted upon and the outcome of the votes at the annual and special
meeting of the shareholders of Great Atlantic Resources, held on Sept. 30 in Toronto, Ont.:
Item 1: appointment of auditor
Watson Dauphinee & Masuch LLP, chartered accountants, was appointed as the
auditor of the company by way of an ordinary resolution.
Item 2: election of directors
The three nominees set forth in the management information circular of the
company dated Aug. 26, 2014, were elected as directors of
the company by way of an ordinary resolution: Chris Anderson, Lorne Mann
and Patrick Forseille.
Item 3: approval of incentive share option and bonus share plan
An ordinary resolution was passed approving the company's amended and
restated 10-per-cent rolling stock option plan, as more particularly described in
the circular.
We seek Safe Harbor.
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