Great Bear Resources Ltd. Update on Non-Brokered Private Placement
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The Company may pay a finder's fee on the Offering within the maximum amount permitted by the policies of the TSX Venture Exchange (the "Exchange"). Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Proceeds from the Offering with be used to further exploration as well as corporate working capital.
For further information, please contact Mr. Chris Taylor, P.Geo, President.
ON BEHALF OF THE BOARD
"Chris Taylor"
Chris Taylor, President
Investor Relations:
Robert Orr
Tel: 604-681-0037
Fax: 604-681-0094
ro@greatbearresources.ca, 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.