Vancouver, B.C. / TheNewswire / July 18, 2016 - Great Bear Resources Ltd. (the "Company") announces that further to its news release dated May 25, 2016, the Company has completed a non-brokered private placement. The Company has issued a total of 3,005,966 units at a price of $0.15 per unit (a "Unit"), for gross proceeds of $450,895. Each Unit consists of one common share in the capital of the Company (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share (a "Warrant Share") at a price of $0.20 per Warrant Share until July 18, 2019. The common share purchase warrants will be subject to acceleration at the Company's discretion in the event the Company's common shares trade on a volume weighted average price (VWAP) basis of $0.30 or more for a period of ten consecutive trading days.
All securities issued under the Offering are subject to a statutory hold period expiring on November 19, 2016 in accordance with applicable Canadian securities laws.
The proceeds from the private placement will be used for further exploration as well as for corporate working capital.
For further information, please contact Mr. Chris Taylor, P.Geo, President.
ON BEHALF OF THE BOARD
"Chris Taylor"
Chris Taylor, President
info@greatbearresources.ca
www.greatbearresources.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release is not for distribution to U.S. newswire services for dissemination in the united states.
Copyright (c) 2016 TheNewswire - All rights reserved.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
