Great Bear Resources Ltd. GTBAF

RTS GBR 27 Nov 20

[awacs1]

I have the RTS listed in my portfolio today. Can anyone clarify what the intent and expectation is for the RTS. I assume that it has something to do with the royalty event.

[Malpeque2]

Make VERY SURE you exercise all your subscription rights and put in for some overallotment of all the Yankees who can't exercise theirs,   since the .15 cents subscription price is a GIFT.

[Goaweigh]

What kind of account do you have, with a bank or broker , if you don't mind sharing that with us. I'm with Scotia itrade and nothing yet for me.  Thanks

[goldbuz]

Nothing from rbcdirect yet

[Ivorygull]

I have the Rights shares listed in my rbc direct account now...........but I have no idea how to buy them LOL

[Goaweigh]

Same here, I presume you have to contact someone in back office and ask them to exercise the rights. I'll try that tomorrow.

[Ivorygull]

Thanks Goaweigh, I'll try that.

[goldman88]

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[goldman88]

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[ghostzapper]

I'm with TD Direct Investing and see the rights offering in my account this morning. 

[goldbuz]

Got my rights shares yesterday,so I phoned rbcdirect, and the guy there told me I couldn’t excersize them till they got the paperwork from GBR. Seems strange that the shares are there, but no instructions.

[awacs1]

Goaweigh: I am with BMO Investorline. I will call the agent and see if they have info. Will advise.

[lumpy13]

Curiously, I got my rights in my Schwab account but according to GBR I won't be able to exercise them, being an American individual investor.  

[eatmorefiber2]

Nothing in my Fidelity and TD accounts in the US.  Nothing with Computershare as well.  I am not optimistic about this and mad as hell.   And before anyone tells me my royalty shares were free, I will say that I paid for them by buying the common on the secondary market.  Any buyout price of GBR is reduced by the NSR, so yes, I paid for those and now I'm getting

[ghostzapper]

It has been a bit of a learning experience for me as a Canadian too!  I wasn't able to hold them in a registered account and it cost a little bit to move them to a C$ trading account.  Had I left them in a registered account to a cutoff date they would have become just about worthless. 

[sonofab]

It shouldn't have cost anything to slide the shares from a registered account to a cash account. TD moved mine over for free from the rrsp and tfsa. Also I guess if you are a Canadian and have some GBR in a US account you should be ok to participate in the extra share deal.

[goldman88]

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[sonofab]

@ TD did you have to go in or could you do it over the phone. Thanks.

[turugby]

on the phone

[skiesthelimit]

Phone in 

[Goaweigh]

You're getting diluted because US regulators don't allow Canadian Pub Co.'s to sell stock directly to US retail investors. Call your congress person and stop whinning and it has nothing to do with the 3 Directors, someone or some group has to be responsible for buying the rights not exercised, it's common practice in every rights issue.

[Iveybiz79]

Fyi, they have cancelled the stand by agreement for the 3 directors as there is strong demand from shareholders. For the Americans in states that will allow it, they can partake, if against state securities it will be a no go. Agree Goaweigh the whining is getting a bit much. If you Yanks are upset then sell your shares and piss off.

[Goaweigh]

Well there ya go, everything including the warrants to insiders have been cancelled due to overwhelming interest from shareholders. Not surprising considering I intend to try to buy 10 times what I'll be alloted under the rights issue and there must be guys with much deeper pockets than mine. A whole lotta ballyhooing for nothing. Thanks Ivey  

[goldman88]

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[Goaweigh]

I believe there's an application for that, most likley at the transfer agent, you'll have to fill it out and supply a cheque that covers whatever you are applying for. Once they tally the demand and apportion it according to a pro-rata formula they will cash your cheque. As it's highly unlikely you'll get all the stock you want they'll send you back the unused portion of your

[skiesthelimit]

I went through my td agent. I filled my rights to shares and applied for an additional 20k shares. Broker said I just need the amount of cash in my account to cover on closing day. Nov 27th. It was a 10 min process, And 9 of it was my broker trying to figure out how to do it.  Hope I get those extra shares. 

[Ivorygull]

Good luck, hope you get them. I just got off the phone with RBC Direct and they say they still don't have the information to be able to do anything and suggested I try calling back on Friday. He said that there is still time as it closes on the 27th..............

[skiesthelimit]

Not a huge rush still plenty of time. They showed up in my trading account as rights to shares, that's when I called. Besides if people wait too long or forget I may get my 20k filled lol. Just kidding hope we can all enjoy them for years to come. I feel like we are getting them at basement prices. In 5 yrs or so when this mine is up and running we will all be laughing all the way to the bank

[eatmorefiber2]

Hey D-bag.  Our whining got the stand-by agreement nullified.  That's money right back into your pocket.  Be a little more appreciative that we Americans down south spoke up on EVERYONE'S behalf.

[Iveybiz79]

Go snort a like of oxy you Hick.