Great Bear announces C$70 Million financing
Great Bear Resources (TSX-V: GBR) announced an up-sized bought deal yesterday.
A syndicate of underwriters led by Cormark Securities Inc. and CIBC Capital Markets have agreed to increase of a previous offering.
Congrats to Chris, Bob, John, Jim, Rita, and the rest of the team at @GreatBearGBR for a fantastic bought deal announced and upsized today. $GBR.V $GTBAF will have over $100 million to drill the bejesus out of Dixie. Tier 1 projects with Tier 1 management teams get Tier 1 money.— Eric Coffin (@ericcoffin_HRA) January 22, 2021
The company will now issue 3,225,000 common shares that qualify as flow-through shares at a price of $18.60 per flow-through common share and 784,000 common shares of the company at a price of $12.75 per common share on a bought deal private placement basis for aggregate gross proceeds to the company of $69,891,000.