Great Bear Resources Ltd. GTBAF

Metals & Mining Gold

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

Great Bear Resources Ltd. > Nope to US individuals in GB Royalty Rights Issue

<< Previous

Bullboard Posts

Next >>

Comment by Goaweighon Oct 23, 2020 2:40pm

165 Views

Post# 31772066

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nope to US individuals in GB Royalty Rights Issue

But to be fair they could have done things a bit differantly. Like maybe issuing only 1/2 of 1 right for every share held and it takes 1 right to buy 1 extra share and each 1/2 right costs .15
So now we would have only issued roughly 7,000,000 shares at .30 and the dilution to our US holders would have been less but we would have raised the same amount of money and effectively set a higher starting price when we go public.
Of course no one asked me hence the problem.. LOL!

It's probably a bit early yet but has anyone received anything yet ? I haven't read the gory details recently and can't remember how we will get notice, through our Banks or by mail ?

Goaweigh wrote: You would be diluted by 50 % regardless of the pricing of the rights.
I wish they were priced higher myself, maybe discourage some of the Shmengies so I'd get more when I subscribe for the overallotment but for now I'll just have to feast on our cousins to the south.
Sorry about that cuz.
Think of it as retribution for what you did to our poor Dairy Cows.

fredo1 wrote: Being snarky does not change the fact that US shareholders are being diluted by 50% because the rights offering is being done at well below actual value. As for being lucky, I did my due diligence just as you did.