pcNewsWire – Great Atlantic Resources Corp. (TSX-V: GR) has closed previously announced non-brokered private placement for gross proceeds of $160,000.
News Release
Great Atlantic Resources Closes Financing
__________________________________________________________________
FOCUSED ON EXPLORING ATLANTIC CANADA
(TSXV: GR) (FRA: PH01)
VANCOUVER, British Columbia –May 26, 2017 – Great Atlantic Resources Corp. (TSXV: GR) (the “Company” or “Great Atlantic”) is pleased to announce that is has closed the non-brokered private
placement previously announced on May 16, 2017 for gross proceeds of $160,000. The units of the financing will be comprised of one common share at a price of $0.08 and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.10 per share. The Company announces September 24, 2017 as the hold period expiry date for this private placement. The Company also announces it has granted 700,000 options at an exercise price of $0.15. The options are exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer, employee or consultant of the Company.
On Behalf of the board of directors
“Lorne Mann”
Director
604-488-3900
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
SOURCE: Great Atlantic Resources Corp.
