Great Atlantic Resources Closes Second Tranche of Financing for a Total To-date of $1,436,500

Great Atlantic Outlines NEW Gold Soil Anomaly — Majority of Samples Anomalous 850 by 500 Meter Zone at its 100% Owned Keymet Precious Metal – Base Metal Property, New Brunswick
December 10, 2021
AGM Results
December 13, 2021

VANCOUVER, British Columbia – December 10, 2021 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce that it has closed the second tranche of a non-brokered private placement originally announced on November 17, 2021, consisting of 390,000 flow-through shares at a price of $0.40 per share for gross proceeds of $156,000. Each Flow-Through unit consists of one common share that qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow common share at the price of $0.75 for 36 months after closing.

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 $1,120. and issued 2,800 finder warrants to Sprott Capital Partners LP. These finder warrants are valid for 3 years from closing with an exercise price of $0.75. The Company also paid a cash commission of $2,800. and issued 7,000 finders units to Research Capital Corporation. The finder units are valid for 3 years from closing and each finder unit is exercisable to purchase one unit (comprised of one common share and one warrant) for $0.40 per unit.

All securities issued in connection with the flow through Offering will be subject to a hold period expiring April 2, 2022. The closing of this private placement financing is subject to final TSX-V approval.



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


Investor Relations:

Andrew Job      1-416-628-1560     IR @


Office Line: 604-488-3900