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Great Atlantic Resources Corp (3)
Symbol GR
Shares Issued 9,054,464
Close 2020-05-28 C$ 0.45
Recent Sedar Documents

ORIGINAL: Great Atlantic closes $200,000 1st tranche of financing

2020-05-29 16:11 ET - News Release

Received by email:

File: '\\doc\emailin\20200529 130222 Attachment NR- GR- May 29- 2020- close TR1 FT PP.docx'

8


FOCUSED ON EXPLORING ATLANTIC CANADA                              TSX.v: GR                            
                   FRA: PH01
Great Atlantic Resources Closes First Tranche of Financing
________________________________________________________ ______
FOCUSED ON EXPLORING ATLANTIC CANADA                                   

VANCOUVER, British Columbia-May 29, 2020 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") 
--->is pleased to announce it has closed the first tranche of its non-brokered private placement previously announced on May
---> 25, 2020. The placement consisted of 476,191 flow through shares at a price of $0.42 per share for gross proceeds of $2
--->00,000.  Each Flow-Through share consists of one common share that qualifies as a "flow-through share" as defined in sub
--->section 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. The Company paid a cash commission of $16,000. and issued 38,095 finders warrants to Qwest Investment Fund Mana
--->gement Ltd. The finder warrants are valid for 2 years from closing with an exercise price of $0.42.

All securities issued in connection with the Offering will be subject to a hold period expiring September 27, 2020 



On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up" 
President CEO Director 
604-488-3900 - Dir
Investor Relations:
Please call 604-488-3900
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the di
--->scovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of 
--->the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a
---> Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlant
--->ic Canada, Antimony, Tungsten and Gold.



This press release includes certain statements that may be deemed "forward-looking statements". All statements in this r
--->elease, other than statements of historical facts, that address future exploration drilling, exploration activities and 
--->events or developments that the Company expects, are forward looking statements. Although the Company believes the expec
--->tations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaran
--->tees of future performance and actual results or developments may differ materially from those in forward-looking statem
--->ents. Factors that could cause actual results to differ materially from those in forward-looking statements include expl
--->oitation and exploration successes, continued availability of financing, and general economic, market or business condit
--->ions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ve
--->nture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Great Atlantic Resource Corp 
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4




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