Great Atlantic Resources Corp. announced that it has received CAD 0.11 million in funding.
On December 20, 2013, the company announced that Chris Anderson, Chief Executive Officer of the company will invest in the transaction. The company also announced that the insiders may subscribe for greater than 25% in the transaction.
On December 31, 2013, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction will involve participation from five placees. Chris Anderson will subscribe for 1,000,000 shares in the transaction.
On January 2, 2014, Great Atlantic Resources Corp. closed the transaction. The company issued 2,200,000 units for gross proceeds of CAD 110,000. The securities issued are subject to a hold period expiring on May 1, 2014. The transaction has been approved by the TSX Venture Exchange.