Great Atlantic Resources Corp. (TSXV:GR) announced a non-brokered private placement of up to 2,500,000 units at CAD 0.10 per unit for the gross proceeds of CAD 250,000 on December 20, 2012. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at CAD 0.12 per share for a period of 12 months from the closing date. A finder's fee of up to 8% may be payable.

On January 4, 2013, the TSX Venture Exchange accepted for filing documents with respect to the first tranche of the transaction. The company will issue 1,488,451 units to seven placees in the first tranche.

On January 9, 2013, Great Atlantic Resources Corp. closed the transaction. The company received gross proceeds of CAD 148,845 in the transaction.