GREAT BEAR RESOURCES LTD. ("GBR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Apr 19, 2018:
Flow-Through Shares:
Number of FT Shares: 1,616,814 flow through shares
Purchase Price: $0.58 per flow through share
Warrants: 808,407 share purchase warrants to purchase 808,407 shares
Warrant Initial Exercise Price: $0.70
Warrant Term to Expiry: 2 Years
Non Flow-Through Shares:
Number of Non-FT Shares: 1,635,000 non flow through shares
Purchase Price: $0.50 per non flow through share
Warrants: 817,500 share purchase warrants to purchase 817,500 shares
Warrant Initial Exercise Price: $0.70
Warrant Term to Expiry: 2 Years
Number of Placees: 47 Placees
Insider / Pro Group Participation:
Insider=Y /
Name Pro-Group=P # of Shares
Christopher Taylor Y 20,000
Aggregate Pro-Group Involvement [8 Placees] P 290,000
Finder's Fee:
Haywood Securities Inc. $15,240.00 cash; 30,000 warrants
PI Financial Corp. $11,280.00 cash; 21,600 warrants
Leede Jones Gable Inc. $6,612.00 cash; 11,400 warrants
Sherbrooke Street Capital (SSC) Inc. $5,298.00 cash; 9,300 warrants
Canaccord Genuity Corp. $10,200.00 cash; 20,400 warrants
Pollitt & Co. Inc $15,486.00 cash; 26,700 warrants
Stephen Avenue Securities Inc. $9,930.00 cash; 17,700 warrants
Finder Warrant Initial Exercise Price: $0.70
Finder Warrant Term to Expiry: Valid for 24 months. Subject to acceleration if shares trade at a VWAP of $0.83 for 10 trading days
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
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