Fundz

Great Atlantic Resources Closes Financing For A Total Of $1,496,500

PRIVATEDec 30, 2021

Round Type

Funding Round

VancouverSustainabilityNatural ResourcesSoftware

Description

is pleased to announce that it has closed the final tranche of a non-brokered private placement originally announced on November 17, 2021, consisting of 150,000 flow-through shares at a price of $0.40 per share for gross proceeds of $60,000. 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.

Quick answer

Great Atlantic Resources raised an undisclosed amount in a Funding Round round, dated December 30, 2021. Great Atlantic Resources is based in Vancouver, Washington, United States.

How much did Great Atlantic Resources raise?
Great Atlantic Resources raised an undisclosed amount in a Funding Round round on December 30, 2021.
What does Great Atlantic Resources do?
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, one of the number one..
Where is Great Atlantic Resources based and how big is it?
Great Atlantic Resources is based in Vancouver, Washington, United States.

Source: Fundz verified event record.

Who else raised in Sustainability and Natural Resources around the same time

Companies in the same sectors as Great Atlantic Resources that raised within 45 days of this round, from Fundz verified event records.

  • Colossus raised $36M (Series A) on January 18, 2022.
  • Redstor raised an undisclosed amount on January 11, 2022.
  • Uplight raised $102M on December 13, 2021.
  • kWh Analytics raised $20M (Funding Round) on February 8, 2022.
  • Rondo Energy raised $22M (Series A) on February 8, 2022.
  • Diversified Energy raised an undisclosed amount (Funding Round) on February 7, 2022.

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Company Information

Company

Great Atlantic Resources

Location

Vancouver, Washington, United States

About

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, 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. 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 could 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 Corp888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4

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