FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH01 GREAT ATLANTIC RESOURCES Announces the Postponement of Filing Annual Financial Statements and MD&A due to COVID-19 related delays. __________________________________________________________________
GREAT ATLANTIC RESOURCES Announces the Postponement of Filing Annual Financial Statements and MD&A due to COVID-19 related delays.
__________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – June 29, 2020 – GREAT ATLANTIC RESOURCES
CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) Great Atlantic Resources Corp. has postponed the filing its annual financial statements and its annual management's discussion and analysis (MD&A) for the year ended February 29, 2020, due to logistics and delays caused by the COVID-19. The company is relying on the British Columbia Securities Commission blanket order BCI 51-515 for temporary exemption from certain corporate finance requirements.
Recent events pertaining to COVID-19 have impacted the ability of the company, its employees and its directors to rely on timely information and meet to approve the financial statements and MD&A. According to the blanket order, during the period from June 2, 2020, to August 31, 2020, a person or company required to make certain filings as described in the blanket order has an additional 45 days from the deadline otherwise applicable under British Columbia securities laws to make the filing according to certain disclosure obligations by the company. Pursuant to the blanket order, Great Atlantic is relying on the relief therein for its financial statements required by Section 4.2 of National Instrument 51-102 and its MD&A required by Subsection 5.1(2) of National Instrument 51-102. Until Great Atlantic has filed and announced the required financial statements and MD&A, all management and other insiders are subject to Great Atlantic’s share trading and blackout policy that reflects the principles in Section 9 of National Policy 11-207, Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The company estimates that the required disclosure required by British Columbia securities laws will be filed no later than July 10, 2020. There have been no material business developments since the last interim financial statements were filed on November 30, 2019.
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 discovery 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 Atlantic Canada, Antimony, Tungsten and Gold.
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, 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 expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture 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