Vancouver, British Columbia--(Newsfile Corp. - January 2, 2014) - Great Atlantic Resources Corp's (TSXV: GR) non-brokered private placement announced on December 6, 2013, has been approved by the TSX Venture Exchange. The company has closed 2,200,000 million flow through units at a price of five cents per unit in the capital stock of the company. Each unit consists of one flow-through common share and one common share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the company at a price of five cents per share for a period of 60 months from the closing date of the private placement.
The shares issued and the shares to be issued pursuant to the exercise of the warrants are all subject to a 4 month hold period expiring on May 1, 2014.
The company also wishes to report that Richard Granholm has resigned as a director of Great Atlantic resources Corp in order to pursue other opportunities. The company wishes to thank Mr. Granholm for his support and wish him the best in his future endeavor's.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
About Great Atlantic Resources Corp:
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral deposits in Atlantic Canada which is a sovereign risk free domain. Currently the company is propelling forward under a project generation model with a focus on Antimony, Tungsten and Gold.
On Behalf of the board of directors
For further information call
604 488-3900
Read about Great Atlantic Resources Corp.: http://greatatlanticresources.com/corporate-overview/
Read Disclaimer: http://greatatlanticresources.com/legal-disclaimer/
Facebook: Great Atlantic | Twitter: @GreatAtlRes | Linked In: Great Atlantic
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4
