Great Atlantic Resources Corp. announced a non-brokered private placement of up to 1,500,000 flow-through units at a price of CAD 0.05 per flow-through unit for gross proceeds of CAD 75,000 on July 3, 2024. The transaction included participation from a strategic investor.

Each flow-through unit consists of one flow-through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow common share at the price of CAD 0.08 for 60 months after closing. A finder's fee may be paid to eligible finders in accordance with the TSX Venture Exchange policies.

All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the TSX-V.