Received by email:
File: '\\doc\emailin\20200714 123535 Attachment NR- GR- July 14 2020- GR wts extend complete.docx'
FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR
GREAT ATLANTIC RECEIVES APPROVAL TO EXTEND WARRANTS TERM
FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia - July 14, 2020 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic
--->") is pleased to announce it has received approval from the TSX Venture Exchange (the "TSXV") to extend the term of an a
--->ggregate of 1,140,000 outstanding common share purchase warrants (the "Warrants") that were issued pursuant to a non-bro
--->kered private placement (the "Private Placement") which closed a tranche 1 on July 31, 2018 and a final tranche on Augus
--->t 14, 2018 pursuant to which 1,140,000 Units were sold at $0.50 per Unit for gross proceeds of $570,000. The purchase wa
--->rrants entitled the holder to purchase one common share of the Company at a price of $0.75 per common share. 400,000 sha
--->re purchase warrants were scheduled to expire on July 31, 2020 and 740,000 were scheduled to expire on August 14, 2020.
--->Insiders purchased 200,000 Units and they own 200,000 Warrants representing 17.55% of these outstanding Warrants issued
--->pursuant to this private placement. The Company received approval from the TSXV to extend the expiry date of the Warran
--->ts by an additional 24 months, such that 400,000 share purchase warrants are now scheduled to expire on July 31, 2022 an
--->d 740,000 are scheduled to expire on August 14, 2022.
The exercise price of all Warrants will remain unchanged, at the current exercise price of $0.75 per Common Share. No Wa
--->rrants under the Private Placement have been exercised to date.
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
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
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
© 2020 Canjex Publishing Ltd. All rights reserved.