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Great Bear Resources Ltd. GTBAF

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.


OTCQX:GTBAF - Post by User

Post by daffidon Oct 24, 2019 7:13am
225 Views
Post# 30262994

News release, ,,nice!

News release, ,,nice!

TSX-V:  GBR

VANCOUVER, Oct. 24, 2019 /PRNewswire/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported its intention to create, and subsequently spin-out, a two percent Net Smelter Royalty ("NSR") on any potential future mineral production at the Dixie property.  The NSR will initially be placed in a wholly-owned subsidiary ("SpinCo").  The intention is for the shares of SpinCo to be distributed to the shareholders of Great Bear at a time to be determined by the Board of Directors.  It is expected that the distribution will be completed pursuant to a plan of arrangement (the "Arrangement"), under the Business Corporations Act (British Columbia).


Read more at https://stockhouse.com/news/press-releases/2019/10/24/great-bear-to-spin-out-net-smelter-royalty-to-shareholders#ttc3M5wcP4gKQDpc.99
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