Great Atlantic Resources, Tripple Uranium agreement

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2012-11-20 18:17 ET - Acquisition

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The TSX Venture Exchange has accepted for filing an asset purchase and option agreement dated Oct. 10, 2012, among Great Atlantic Resources Corp., Cerro Mining Corp. and Cerro's wholly owned subsidiary, Tripple Uranium Resources Inc., whereby the company will acquire various drilling and business equipment for cash consideration in the amount of $160,000, part of which may be payable in shares at a deemed price of 10 cents per share for a total of 1.3 million shares.