Great Bear Resources Ltd. GTBAF

Rights being offer for Great Bear Royalties

[Iveybiz79]

Sweet deal at .15 for every GBRC you hold. Looks like they will get listed sooner than later.

[Iveybiz79]

Looks like it is only applicable to Canadians, I'm buying up all of flashcash's allotment thanks flashy!

[flashcash]

This one's on me, my cupth over flowth on this Great share !

[Kobold]

According to this PR, it says that they can allow non-Canadians to participate. https://www.newswire.ca/news-releases/great-bear-royalties-corp-announces-rights-offering-853722968.html

[flashcash]

Thanks Kobold, anyone notice listing costs..... Mmmmmm,  Hold these shares tighter than a dead scourges fist ! GLA

[goldman88]

This post has been removed in accordance with Community Policy

[Ivorygull]

Pretty sure it is the right to buy up to the same number of shares in the royalty company that they now own in the royalty company....and then if anyone does not buy shares, those that are left ove may be also available to purchase.  Not sure how they divy those up though. And if they dont get bought, then 3 reallylucky guys, Messrs Robins, Pattison and forgot the other guy, gets to gobble

[Ivorygull]

So they would be paying .15 cents to purchase a share up to the number of shares they owned in the royalty company.............. not GBR new common shares.

[goldman88]

This post has been removed in accordance with Community Policy

[Ivorygull]

Correct, and as Goaweigh mentioned, we all get to participate (at least those that were smart enough to get the royalty shares and not sell like someone threatened to do because they weren't going to be tradable), not just like in a PP. I do suspect they will be listed sooner than a lot of us thought, (not that I care one way or the other, although I'll certainly like to buy some while

[eatmorefiber2]

Are those of us in the US out of luck in making this purchase?  My royalty shares are held with computershare.  I have received no notice unfortunately. 

[Ivorygull]

Looking at the PR that Kobold kindly posted, it seems you may be able to if certain conditions are met. First you have to sell half to me........jk. Its got to do with rules, regulations and if Great Bear Royalty would be breaking any law, or you, in selling shares to you. Read the post.

[Ivorygull]

[goldman88]

This post has been removed in accordance with Community Policy

[Ivorygull]

I'll probably be wrong saying this but I believe this would be why.... Net Smelter Return (NSR) is the net revenue that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator is obligated to pay

[Ivorygull]

So if there was say 100,000 ozs produced per year and the price of gold was $1700 US but we got dinged say $700 per oz for the transportation and refining costs, that would be 100,000 x $1000 US. $100,000,000 US x 2% =$2,000,000 US or $2,649,616.75 Can $2,649,616.75 / 13 m shares (round number) = 20 cents per share. If you owned 1000 shares before the rights and the NSR starts you'd get $200

[goldman88]

This post has been removed in accordance with Community Policy

[Goaweigh]

Forget about the future revenue stream for the time being, they need to raise some money to keep the Co. going and the only way to do that is to issue more stock. They are offering the current shareholders the first right of refusal on the issue, take it or leave it. If you want to retain the same percentage interest in the Co. you need to buy the same amount of stock you now hold and that's

[skiesthelimit]

That’s exactly it.  I’m taking the offer. But I’m afraid we will need a few of these money raises before we see any returns on them.  They will raise about 2 million, hopefully that does for a while. 

[goldman88]

This post has been removed in accordance with Community Policy

[Goaweigh]

The burn just shouldn't be that high, can't imagine they need more than $ 100,000 a month, can't imagine even needing $ 50,000 a month. Once they get this listed and put out a maiden resource this stock will go up significantly. Don't think $ 1.00 a share or $ 26 Million market cap is out of the question and I could be low by half or maybe even a third or a quarter for goodness

[surething1111]

Think about it this way, we are currently adding over one million ounces per week to our resource base.......final numbers will be staggering. Seem like a win win to me. If we think really hard about it, perhaps this is a really, really good sign. Don't go selling your royalties......or shares too cheap. Best S

[Goaweigh]

You have the right to buy up to the same # of Royalty shares that you currently own at a price of 15 cents. You can also offer to buy more but I suspect many shareholders will do that so the amount of extra shares you actually get, if any, will be tiny.

[KozmoT]

Free money !!!

[diabase1]

A Rights Offering? What nonsense!! It's worth zero!!

[Goaweigh]

Go to SEDAR and check it out. Sweet deal for the 3 Directors who are part of the stand by agreement....shite I would have done that all day long ! Guess they'll be the guys picking up the US shareholders who can't exercise their rights but then again that seems available to everyone although I'm not sure how that works.  At least it's a rights isssue and not a PP to just a

[Goaweigh]

Let's get it trading and then we'll find out ! I'll gladly buy my allotment and lots more if available. I've bought lot's of stuff that was technically worth zero and done quite well....GBR comes to mind ! Interesting that this is happening now as we approach the release of the model of our deposit and eventually the release of a maiden resourse. Planning a " going

[Goaweigh]

And by the way, Good find Ivey.

[CdnBadger]

Where are you guys seeing this?

[Goaweigh]

As per my post 3 down....SEDAR

[CdnBadger]

I couldn't find it there at first. I found it though thanks.

[lumpy13]

When we initially received GBRC shares, it was a spin-out of a 2% royalty to existing shareholders.  Now they want to issue an equivalent number of shares to raise C$2m for corporate purposes for GRBC: There are currently 13,646,290 Common Shares of GBRC outstanding. If all of the Rights issued under the Rights Offering are validly exercised (or if the Standby Commitment described below is

[Goaweigh]

We also have the right to request to purchase additional stock , the stock that isn't taken up by others, and I suspect plenty of people will do that so the likelyhood of the 3 directors scooping up millions of shares is remote. I'll be surprised if they get any more than their original allotment allows plus some tiny amount of the stock not spoken for . The current shareholders might be

[peschenlo]

for a german SH what will be the procedure to subscribe/get these shares. thnx for info

[flashcash]

Contact your share holding company and make them aware of it, you could add some info from Great Bear about it. GLA

[goldbuz]

So, if these new royalty shares have a value of 15 cents, as opposed to the previous RSA’s.shares with a - value, do they become trading shares that can be held in a tfsa.?

[peschenlo]

thnx flashcash. can you do me another favour plse and let me know where to find the respective info from Great Bear. thnx and have a nice rest of this weekend

[flashcash]

I contacted Great Bear directly and recieved a rights offer prospectus via e-mail [e-mail] It's also on SEDAR I believe.

[peschenlo]

hi flashcash thnx a lot for this useful info. I`m european citizin in the first place and german from birth we owe our american brothers and sisters a lot you won the second world war which set us free and allowed to to become part of a free and peaceful Europe. I was born during this second world war and the lessons I`ve learned during this time of peace and wealth: the present problems of

[flashcash]

You say he is not the leader you need, huh, and he is not my president either but he is a great man because he is human. I won't go into the problems of Europe with Merkel at the centre of it either. There have been no further wars in which American has had a direct start he resolved as much as he could about North Korea and why can't he stand up for his nation. Stop looking for a world

[lumpy13]

Goaweigh:  You're correct.  You can try to buy additional rights if you take your full allocation: Shareholders who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in GBRC's rights offering circular.