TSX-V:
GBR
VANCOUVER, BC, May 10, 2021 /CNW/ - Great Bear Resources
(the "Company" or "Great Bear") (TSXV: GBR) would like to invite
interested shareholders to join Mr. Chris
Taylor, P.Geo, President and CEO and Mr. R. Bob Singh, P.Geo, Vice President, Exploration
for a webinar detailing recent progress in the Company's ongoing
fully-funded drill program at its 100% owned Dixie property in the
Red Lake district of
Ontario.
The Great Bear webinar will take place on Monday, June 7th at 11:00 am PDT / 2:00 pm
EDT. Management will be available to answer questions
following the presentation. Online registration and
participation details may be found at the following link:
https://us02web.zoom.us/webinar/register/WN_MJNWX5GERvKjZ63Jh89n_Q
For those unable to participate, a recording of the webinar will
be posted to the Company's web site following the live
broadcast.
Annual Incentive Grant
The Company also reports that it has completed its annual
incentive compensation grants. A total of 61,236 Deferred
Share Units ("DSUs") have been granted to non-executive directors
and 265,356 Restricted Share Units ("RSUs") have been granted
to employees. The DSUs and RSUs were granted in accordance
with the Company's DSU/RSU Plan adopted in December 2020. The
DSUs vest immediately and the RSUs vest on May 7th, 2024.
In addition, the Company has granted incentive stock options to
recently hired employees to purchase up to an aggregate of 205,000
common shares. The incentive stock options have an exercise
price of $14.97, vest over two years,
and expire after five years.
About Great Bear
Great Bear Resources Ltd. is a well-financed gold
exploration company managed by a team with a track record of
success in mineral exploration. Great Bear is focused in the
prolific Red Lake gold district in
northwest Ontario, where the
company controls over 330 km2 of highly prospective
tenure across 5 projects: the flagship Dixie Project (100% owned),
the Pakwash Property (earning a 100% interest), the Dedee Property
(earning a 100% interest), the Sobel Property (earning a 100%
interest), and the Red Lake North Property (earning a 100%
interest) all of which are accessible year-round through existing
roads.
ON BEHALF OF THE BOARD
"Chris
Taylor"
Chris Taylor, President and
CEO
Cautionary note regarding forward-looking
statements
This release contains certain "forward looking statements"
and certain "forward-looking information" as defined under
applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes.
Forward-looking information are based on management of the
parties' reasonable assumptions, estimates, expectations, analyses
and opinions, which are based on such management's experience and
perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be
incorrect.
Such factors, among other things, include: impacts arising
from the global disruption caused by the Covid-19 coronavirus
outbreak, business integration risks; fluctuations in general
macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold or certain other
commodities; change in national and local government, legislation,
taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of
mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations pressures, cave-ins and flooding); discrepancies between
actual and estimated metallurgical recoveries; inability to obtain
adequate insurance to cover risks and hazards; the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); and title to properties.
Great Bear undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management's best judgment
based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
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SOURCE Great Bear Resources Ltd.
