Great Atlantic Resources Closes Financing ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA
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Great Atlantic Resources Closes Financing
___________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – November 08 , 2019 – GREAT ATLANTIC
RESOURCES CORP. (TSX .v: GR) (the “Company” or “Great Atlantic”) is pleased to
announce that it has closed its non-brokered private placement previously announced on October 31, 2019.
The placement consisted of 421,053 flow through shares at a price of $0.475 per share for gross proceeds
of $200,000. Each Flow -Through share consists of one common share that qualifies as a “flow -through
share” as defined in subsection 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 33,684 finders
warrants to Qwest Investment Fund Management Ltd. The finder warrants are valid for 2 years from closing
with an exercise price of $0.475. All securities issued in connection with the Offering will be subject to a
hold period expiring March 5, 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
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company
focused on the disco very 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.
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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 coul d 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