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Great Bear Resources Ltd. GTBDF


Primary Symbol: 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

Comment by Ivorygullon Dec 08, 2021 11:12pm
242 Views
Post# 34213203

RE:RE:RE:Kinross

RE:RE:RE:Kinross
KozmoT wrote: I'm sure the general sentiment on this deal by shareholders is to vote NO, I know thats what i'm doing.  Management holds I believe only 4% of the outstanding shares and they need 66.66% approval.  Its a bit of a chess game alright....


Yea, I'm with you on voting NO. 

It states though that 
The directors and senior officers of Great Bear, in addition to certain securityholders, owning in aggregate approximately 20.04% of Great Bear’s voting securities have entered into voting support agreements pursuant to which they have agreed to vote all the securities they own or control in favour of the Transaction......

That's not so good odds.

If I'm reading this CVR offer correctly, I'll get an extra dollar for every GBR share I own...if there is at least 8.5 M ozs of gold and Kinross announce production. So i'd have to wait for that to happen before I got it.

Giving the $29/share plus this CVR is basically saying that's all the gold there is (8.5Mozs) and you get nothing for the huge blue sky potential.

We were about to get an MRE on just the LP fault 4.5kms. We were then going to be getting an estimate on the Dixie/Hinge/ zones and that was all going in to a PFS.

I'd say we are getting shafted..............long hole LOL

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