Great Bear Resources Ltd. GTBAF

A strategic move no doubt, we could probably use an extra

[Goaweigh]

$ 10 Mill which would mean that we wouldn't need to pressure the warrant holders to exercise once those funds were needed. Many of the warrant holders are either insiders or friends so obviously they don't want to exercise any sooner than absolutely necessary, like the expiry date for instance.
So that may justify $ 10 mill but the remaining $ 20 is really an insurance policy. 
Firstly I expect all of this money was provided by a strategic investor or group, maybe the very same people who have been buying all the prior flow throughs. They are averaging up as the play is derisked and will work with Chris to ensure we get the best deal possible when the time comes. 
Remember Peter Brown built Canaccord Genuity and I have no doubt his associates, other guys who have done very well in this space are participating in these financings.
Warke, Beaty, etc. etc. I would be more surprised if they weren't involved than if they were. 
Secondly, the next shoe to drop will be the addition of a seasoned Mining Executive, an operations guy, a guy who has built mines. I've seen this movie before. Chris, just the other day and for the first time ever, implied he'd like to take this to production, build a mine. 
The glove has been dropped !
And although we never will build a mine adding someone to the team who knows how creates great optics and adds significant leverage when it comes time to negotiate a deal. 
There is nothing more aggravating to a major mining Co. than a junior who makes a massive discovery, can finance at will and then adds mine building expertice.
It's like enough already, we'll pay you whatever you want just stop building the Co. for God's sake.