GREAT BEAR RESOURCES LTD. ("GBR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 30, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a letter agreement dated March 11, 2015 (the 'Agreement') between the Company and Osisko Exploration James Bay Inc. ('Osisko'). Pursuant to the terms of the Agreement, the Company may acquire a 50% interest in the Lac Pau Property in Quebec (the 'Property'). By way of consideration, the Company will issue 1,000,000 shares to Osisko at a deemed price of $0.05 per share over a four year period. The Company will be required to incur exploration expenditures totaling $4,000,000 over a six-year period.
Please refer to the Company's news release dated March 18, 2015 for further details.
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