Great Bear Resources Ltd.’s $70 Million Bought Deal Private Placement

BLG represented Cormark Securities and CIBC Capital Markets on the offering.

On February 25, 2021, Great Bear Resources Ltd. (TSX-V: GBR) announced the closing of a bought deal private placement. Pursuant to the Offering, the Company issued a total of 3,225,000 common shares of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (the Flow-Through Shares) at a price of $18.60 per Flow-Through Share, and 784,000 common shares of the Company (the Common Shares) at a price of $12.75 per Common Share for aggregate gross proceeds to the Company of $69,891,000.

The Offering was co-led by Cormark Securities Inc. and CIBC Capital Markets and included Canaccord GenuityCorp., PI Financial Corp., and BMO Nesbitt Burns Inc.

Great Bear, headquartered in Vancouver, British Columbia, is a gold exploration company.

The BLG team was led by Graeme Martindale (Picture) and included Kent Kufeldt and Salvador Pimentel. 

 

Involved fees earner: Kent Kufeldt – Borden Ladner Gervais; Graeme Martindale – Borden Ladner Gervais; Salvador Pimentel – Borden Ladner Gervais;

Law Firms: Borden Ladner Gervais;

Clients: CIBC Capital Markets; Cormark Securities Inc.;

Martina Bellini

Author: Martina Bellini