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Re: Empirestate123 post# 44

Thursday, 05/14/2020 8:04:53 PM

Thursday, May 14, 2020 8:04:53 PM

Post# of 76
Great Bear spun out a 2% net smelter royalty to shareholders of record (as of the 4th I think). You missed that one.

Meanwhile, the company just did a PP of 2,195,600 shares, for $33 million CAD (~24.5 million USD). No warrants, so a pretty good deal. That will bring them to 57 million shares fully diluted and a little over $50 million in the bank for drilling. It's hard to bitch about.

PP is scheduled to close on June 2... so I wouldn't expect news til that week.

https://stockhouse.com/news/press-releases/2020/05/12/great-bear-announces-upsized-bought-deal-private-placement-offering-of-c-33

Did you see this release?

https://stockhouse.com/news/press-releases/2020/05/11/great-bear-completes-first-deep-drill-hole-at-dixie-10-19-g-t-gold-over-19-00-m




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