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Great Bear announces C$70 Million financing

Michael McCrae

Kitco News

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.

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.

By Michael McCrae

For Kitco News

Contact mmccrae@kitco.com
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