Great Atlantic Resources to Spin Off Subsidiary Atlantic Canada Graphite Inc.
GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) is pleased to announce that it has initiated a proposal to spin off to its shareholders a portion of its holdings of its wholly-owned subsidiary Atlantic Canada Graphite Inc. (“AC Graphite”). It is expected that AC Graphite will apply for a stock exchange listing of its common shares.
Great Atlantic holds an option to acquire a 100% interest in the Christmas Island gold and graphite property, which is located in Nova Scotia. The Company has completed an exploration program to expand on known gold and graphite showings and conduct the first systematic geological exploration on the property. The program included compilation of current and historic data consisting of Airborne and Ground VLF along with Mag and IP surveys. Surface outcroppings corresponding with the VLF-EM surveys have identified a sizeable graphite-bearing structure. These surveys appear to have identified widely disseminated graphite as well as graphite veining. Prospecting and sampling of known and new outcroppings of graphite and gold were also conducted.
The spin-off will be transacted by way of a statutory plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia). Pursuant to the terms of the Plan of Arrangement, Great Atlantic will distribute a percentage of the outstanding common shares of AC Graphite to holders of common shares of Great Atlantic.
Great Atlantic will convene a special meeting of Great Atlantic shareholders at which the shareholders will be asked to vote on a special resolution approving the Plan of Arrangement. If approved, the spin-off would be completed shortly thereafter, subject to the receipt of all necessary approvals. Further press releases will be issued by the Company when the exact dates are known.
The spin-off is subject to numerous conditions including shareholder and court approval, approval by, and listing of the common shares of AC Graphite and completion of all regulatory filings.
About Great Atlantic Resources Corp.:
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral deposits in Atlantic Canada which is a sovereign risk free domain. Recently New Brunswick was announced as the number one mining region in the world. Great Atlantic has assembled the A-team of explorers in the region with decades of experience and known track records for discoveries. Currently the company is propelling forward under a project generation model with a focus on Antimony, Tungsten and Gold.
Meanawhile in Italy small businesses are dying at a rate of approx 1000 per day!
Linear extrapolation, which is not valid, of course, would produce zero businesses left in Italy in 3 years!
(My first word is an attempt at Italian accent humor, sorry.)
In the UK, the Telegraph is complaining about bankers bonuses not being valid because of all the garbage assets banks are carrying on their books at cost, not marked to market. Let me tell the Telegraph, if the banks marked to market their non-performing mortgages and their French, Greek and Italian, Spanish and Portuguese bonds, it would collapse the banking system of Europe, followed by the US. So don’t wish for mark-to-market.
Exeter provides update on Water drilling and starts second hole:
http://tmx.quotemedia.com/article.php?newsid=58637958&qm_symbol=XRC
Remember the Falkland Island referendum that took place over last weekend?
Of the 1672 eligible voters, there were 1,517 notes.
1,513 voted to stay tied to Great Britain.
3 voted to go to Argentina and one spoiled ballot.
The ballot was phrased to retain ties with GB, not UK, because Scotland, which has its own parliament is trying to decide whether it wants to have a referendum to breakaway from UK.
Ms. Diane Feinstein, testifying in the Judiciary Committee yesterday, in connecting with the gun control bill, said” it is legal to hunt human beings with 15 round, 30 round, or even 150 round magazines….”
Really Ms. Feinstein, really?
On which planet do you live?
The Inspector General just released a report on the Civil Rights Division of the Justice Department.
http://www.justice.gov/oig/reports/2013/s1303.pdf
In this report the head of the Civil Rights Division, Thomas Perez, who is rumored to be about to be nominated by our president as Labor Secretary, as running a dysfunctional department.
(In my words) Perez is a racist who believes white people should not be allowed constitutional rights.
Why?
He is the one who dropped prosecution of the New Black Panthers that stopped Ohians from voting.
He was the one that stopped Texas and Arizona from using picture IDs for voter identification.
He was the one that has stopped dead people being removed from voting rolls, as actually required by law.
The report also states Perez has lied under oath, even later admitting having lied.
(Think Holder would prosecute? )
Just one further instance pointing to the Devil Incarnate physically wanting to hurt the US or at a minimum not caring if he does.
It is a long PDF, some 250 pages, and it makes one want to cry at what is happening to this once-great country. So sad!
The ask price on Gold in Hong Kong is currently $3 above the ask price on Platinum at this moment.
Big Al, your blog time did not spring forward!
Hong closes and London buys enough to send gold up $5, then the NYMEX opens and takes it down.
Now the US reports Retail sales up last month.
Of course gasoline prices went up, but energy and food are not included in CPI, so is real? (Or is is it memorex)
Note the lawyer-speak use of the word “may”:
CFS,
That is ludicrous. China is taking the lead from Muhammad Ali and using the ‘OL ROPE-A-DOPE to lure unsuspecting morons into their lair to get roughed up with some economic upper-cuts. Hey, though, all is fair in LOVE AND WAR..and the is ECONOMIC war. Clever, very clever indeed.
if it wasn’t for cfs, we wouldn’t know what was going on in the bus. world! everyone else took the day off yesterday!!
London closes, up goes Platinum, want to guess how soon gold turns upward a bit?
My buess is a few minutes after 1 PM Eastern time.
I see kitco is again lagging in posting Pt changes again. Strange!
cfs2000
http://news.yahoo.com/u-cftc-looking-london-gold-174731820.html
2 very short paragraphs and no details.
Dan
Dan….What a sham…they turn a blind to what JPM , & HSBC are doing & then come out with a STUPID statement , about what London is doing…the cftc is as effective as a two legged stool .
The whitehouse pulled the dayintheLife page above, I guess.
http://www.forbes.com/sites/charleskadlec/2013/03/11/the-audacity-of-power-the-obama-administration-as-the-bully/
HAIL THE MASTER OF THE UNIVERSE ………The man is down right “DANGEROUS”
Somebody needs to pull the plug on him…………………………………………………………..
BTW….I thought blackmail , was illegal !!!
Hi Big Al,
Someone posted on the bullboards that you were supposed to do another interview with Del of PEM earlier this week. Any truth to that?
Thanks,
Just my luck, somebody passed me a US quarter in my change, & just to add insult to injury…its 1996…no silver…
Irish,
Haaaa…that is funny! Yep, you are right! Useless!
HI marc…send me your address & i will send you a pre 1920 halfcrown….925 silver……
anthony _mcdade@hotmail.co.uk…anybody else want one ?
I was just speaking with an acquaintance who runs a small business in Illinois. He has 56 employees and currently provides insurance for 38. He is trying to sort out Obama-required insurance and has just received a form from Illinois state.
He says as far as he can tell Obamacare is deliberately engineered to fail. (The form which is 26 pages long, he says, is impossible to fill out for each employee.
You made some decent points there. I looked on the internet for the subject and found most people will consent with your blog. Celine Bags http://celinebags.v5s7.co
Watch for riots to intensify in Greece again:
http://www.bloomberg.com/news/2013-03-12/greece-faces-150-000-job-cut-hurdle-to-aid-payment-euro-credit.html
Greece has to cut civil service jobs to get bail funds from the European Central bank, needed to meet pension/social security obligations.
150,000 jobs may not seem like a big number, but Greece is a small country and that amount is over 22% of government employees!
And government are sufficiently well organized to be able to shut down the country, from ports and airports to police needed to control the riots.