Mr. Christopher Anderson reports
GREAT ATLANTIC CORPORATE UPDATE
Great Atlantic Resources Corp. has arranged a non-brokered private placement of 714,286 flow-through shares at a price of 42 cents per share for gross proceeds of $300,000. Each flow-through share consists of one common share that qualifies as a flow-through share as defined in Subsection 66(15) of the Income Tax Act.
The net proceeds from the offering will be used for exploration expenses on the company's mineral properties in Atlantic Canada.
A finder's fee may be paid to eligible finders in accordance to the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the TSX-V.
About Great Atlantic Resources Corp.
Great Atlantic is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the No. 1 mining regions of the world.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.