GREAT BEAR RESOURCES LTD. ("GBR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a purchase and transfer agreement dated November 20, 2015 (the 'Agreement') between the Company and 1544230 Ontario Inc. (Perry English) (the 'Vendor'). Pursuant to the terms of the Agreement, the Company will acquire a 67% interest in 45 mining claims and the staking of four additional mining claims in the Dixie Lake region of Ontario, as well as 100% of the NSR over the area (the 'Property'). By way of consideration, the Company will make cash payments totalling $130,000 and will issue 100,000 shares to the Vendor at a deemed price of $0.05 per share. The Company will also pay up to $1,300 for the staking of the four additional claims.
Please refer to the Company's news release dated December 16, 2015 for further details.
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