Great Atlantic Resources Closes Second Tranche Of Financing For A Total To-Date Of $1,436,500
Round Type
Funding Round
Description
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.
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