On July 30, 2021, Great Atlantic Resources Corp. closed the transaction. The common shares and the warrant shares to be issued under the offering have a hold period of four months and one day from closing of the offering, November 28, 2021. The transaction included participation from one placee. In connection with the private placement, the company paid a finder’s fee to Research Capital Corp. being CAD 87,000 in cash and 174,000 broker warrants payable with each broker warrant is exercisable to purchase one unit for CAD 0.50 per unit for a period of three years following the date of issuance. Eric Sprott after closing of the transaction beneficially owns or controls 4,900,000 common shares of the company and 4,900,000 warrants, representing approximately 19.9% of the issued and outstanding common shares of the company on a partially diluted basis assuming exercise of all the warrants owned and controlled, including warrants acquired hereunder and forming part of the units. On August 5, 2021, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.