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Great Atlantic Resources Corp (3)
Symbol GR
Shares Issued 9,768,750
Close 2020-07-14 C$ 0.385
Recent Sedar Documents

ORIGINAL: Great Atlantic extends warrants by 24 months to 2022

2020-07-14 16:05 ET - News Release

Received by email:

File: '\\doc\emailin\20200714 123535 Attachment NR- GR- July 14 2020- GR wts extend complete.docx'

2


FOCUSED ON EXPLORING ATLANTIC CANADA                              TSX.v: GR                            
                   FRA: PH01
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
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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