Silver Bear Corrects Comments Made in The Northern Miner
TORONTO, March 7 /CNW/ --
TORONTO, March 7 /CNW/ - Silver Bear Resources Inc. ('Silver Bear' or the 'Company') (TSX:SBR) wishes to correct references made to the Company in the February 28 -
March 6, 2011 issue of The Northern Miner. The Northern Miner incorrectly stated that Silver Bear had acquired Solid Resources' 49%
stake in the Bear mineral property. The Company was not part of this
transaction and has no interest in this property. Silver Bear has
contacted The Northern Miner and informed them of the error.
Silver Bear continues to focus on its 100% owned Mangazeisky Project in
Russia. The Company is currently evaluating strategic alternatives
which may include: continued exploration/development of the Mangazeisky
Project, joint venture of the project, or combination with another
mineral focused company.
Silver Bear Resources Inc.
The primary business of the Company is the evaluation, acquisition,
exploration and development of silver properties in the Russian
Federation. The Company's principal asset is its 100% owned Mangazeisky
Project, located approximately 400 kilometres north of Yakutsk in the
Republic of Sakha, Yakutia in the Russian Federation.
Silver Bear Resources Inc. is listed on the Toronto Stock Exchange and
its common shares trade under the symbol 'SBR'. Silver Bear has
37,935,569 issued and outstanding common shares. Other information
relating to Silver Bear is available on SEDAR at www.sedar.com as well
as on the Company's web site at www.silverbearresources.com.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/07/c8448.html
Brian Penny
Chief Financial Officer
(416)-324-6002
bpenny@silverbearresources.com
Hannes Portmann
Director, Corporate Development and Investor Relations
(416)-324-6014
hportmann@silverbearresources.com