Great Atlantic Options Property to Fort St. James Nickel Corp. ___________________________________________________________________ Focused ON Exploring Atlantic Canada
GREAT ATLANTIC OPTIONS PROPERTY TO
FORT ST. JAMES NICKEL CORP.
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV: GR)
(FRA: PH01)
VANCOUVER, British Columbia – October 10 , 201 7 - GREAT ATLANTIC RESOURCES
CORP. (TSXV:GR) (the “Company” or “Great Atlantic”) is pleased to announce that it entered
into an option agreement (the “Agreement”) with Fort St. James Nickel Corp. ( “FTJ”) pursuant
to which FTJ may acquire 100% of the Company ’s Porcupine property (the “Property”) located
in New Brunswick (the “Transaction”).
Under the Agreement, FTJ may earn -in a 100% interest in the Property by making certain staged
cash payments and share payments of common shares in the capital of FTJ to Great Atlantic over
a four year period as follows: (i) $15,000 in cash and 500,000 common shares within five (5)
days of the TSX Venture Exchange approval of the Transaction (the “Approval Date ”); (ii)
$20,000 in cash and $75,000 in common shares on or before the first anniversary of the Approval
Date; (iii) $20,000 in cash and $75,000 in common shares on or before the second anniversary of
the Approval Date; (iv) $20,000 in cash and $75,000 in common shares on or before the third
anniversary of the Approval Date; and (v) $75,000 in cash and $200,000 in common shares on or
before the fourth anniversary of the Approval Date. FTJ will also be required to spend $1,000,000
in exploration expenditures on the Property over a four (4) year period with a minimum of
$150,000 each year.
Great Atlantic will retain a 2.0% new smelter return royalty (the “NSR Royalty”) which FTJ may
buy down one-half (50%) of the NSR Royalty by paying $1,000,000, leaving Great Atlantic with
1.0%.
On Behalf of the board of directors
“Chris Anderson”
Christopher R Anderson,
CEO, President,
Director
604-488-3900
Investor Relations:
Kaye Wynn Consulting Inc.
604-558-2630
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. Great Atlantic is currently surging forward building the company, with a special focus
on the most critical elements on the planet, Antimony, Tungsten and Gold.
This News Release may contain forward -looking statements including but not limited to comments regarding the
acquisition of certain mineral claims by FTJ. Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements and the Company undertakes no obligation to update such statements, except as
required by law. There can be no assurance that the transaction with FTJ will be successful.
Forward-looking statements are based on the then -current expectations, beliefs, assumptions, estimates and
forecasts about the business and the industry and markets in which the Company operates, including that: the
current price of and demand for minerals being targeted by the Company will be sustained or will improve; the
Company will be able to obtain required exploration licences and other permits; general business and economic
conditions will not change in a material adverse manner; financing will be a vailable if and when needed on
reasonable terms; the Company will not experience any material accident; and the Company will be able to identify
and acquire additional mineral interests on reasonable terms or at all. Forward -looking statements are not
guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict.
Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource
exploration and development is a speculative business; that environmental laws and regulations may become more
onerous; that the Company may not be able to raise additional funds when necessary; fluctuations in currency
exchange rates; fluctuating prices of commodities; operating haz ards and risks; competition; potential inability to
find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the
Company’s public filings. These risks, as well as others, could cause actual results and e vents to vary significantly.
Accordingly, readers should not place undue reliance on forward -looking statements and information, which are
qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information,
or the material factors or assumptions used to develop such forward looking information, will prove to be accurate.
Factors that could cause actual results to differ materially from those in forward -looking statements include the
failure of counterparties to perform their contractual obligations, exploitation and exploration successes, continued
availability of financing, and general economic, market or business conditions. The Company does not undertake any
obligations to release publicly any revisions for updating any voluntary forward -looking statements, except as
required by applicable securities law.
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.