GREAT ATLANTIC ENTERS INTO EXCLUSIVITY AGREEMENT
WITH FORT ST. JAMES NICKEL CORP.
FOCUSED ON EXPLORING ATLANTIC CANADA
VANCOUVER, British Columbia – May 29, 2017 – GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the “Company” or “Great Atlantic”) announces that it has entered into an exclusivity agreement (the “Exclusivity Agreement”) with Fort St. James Nickel Corp. (“FTJ”), whereby FTJ is granted the exclusive right, for 30 days, to conduct due diligence on certain of the Company’s mineral claims located in New Brunswick (the “Property”), with a view to negotiating the terms of a letter of intent with FTJ and, if applicable, a definitive agreement in order for FTJ to complete the acquisition of the Property (the “Proposed Property Acquisition”).
Further details regarding the Proposed Property Acquisition will be provided in a news release, if and when the parties enter into a letter of intent and/or a definitive agreement.
The Proposed Property Acquisition is subject to, among other things, FTJ obtaining all necessary regulatory approvals, including the TSX Venture Exchange (“TSXV”).
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.
On Behalf of the board of directors
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 proposed transaction with FTJ will be completed or, if completed, 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 available 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 hazards 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 events 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.