Great Bear raises C$10.9 million for exploration

Great Bear Resources
Published on: Jul 5, 2019
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Vancouver-based Great Bear Resources (CVE: GBR) has successfully closed a deal worth C$10.9 million to continue exploration at its gold projects in Ontario. A consortium led by Cormac Securities and including Canaccord Genuity subscribed to two million flow-through shares priced at C$5.45 each for aggregate proceeds of C$10.9 million. The shares are subject to a hold period that expires on November 4, 2019. The underwriters will receive a commission of 6% on the gross amount raised. Great Bear is currently in the midst of a 90,000-metre drilling program at its 100% owned Dixie Lake gold project located a 15-minute drive from downtown Red Lake. Source: Mining.com

Gold