TSXV: GBR
VANCOUVER, BC, June 30, 2021 /CNW/ - Great Bear Resources Ltd.
(the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF)
announces the results of its Annual General Meeting ("AGM") held
on, June 29, 2021. The total number
of shares represented by shareholders present in person and by
proxy at the Meeting was 33,673,676, representing 58.94% of the
Company's issued and outstanding common shares.
The Company's shareholders voted in favour of all items of
business brought forward at the AGM, as follows:
Election of Directors
|
% of Votes
FOR
|
% of Votes
WITHHELD
|
|
Gilbert
Lawson
|
99.76%
|
0.36%
|
|
Michael
Kenyon
|
99.71%
|
0.29%
|
|
Douglas
Ramshaw
|
91.76%
|
8.24%
|
|
Paula
Rogers
|
93.32%
|
6.68%
|
|
David
Terry
|
91.45%
|
8.55%
|
|
Chris
Taylor
|
99.03%
|
0.97%
|
Approval of Resolutions:
|
% of Votes
FOR
|
% of Votes
WITHHELD/
AGAINST
|
|
To Set the number
of
Directors at 6
|
99.64%
|
0.36%
|
|
Appointment of
Deloitte LLP
as Auditors of the Company
|
99.72%
|
0.28%
|
|
Approval of Amended
and
Restated Share Option Plan
|
94.17%
|
5.83%
|
|
Approval of
Amended
Restricted Share
Unit/Deferred Share Unit
Plan
|
94.40%
|
5.60%
|
Chris Taylor, President and CEO
stated: "On behalf of the Board of Directors we would like to thank
our shareholders for their continued support. Mr.
Tony Ricci did not stand for
re-election as a director this year. Tony has served as a
Director of Great Bear for 10 years and has been instrumental in
the evolution of the Company. On behalf of the Board of
Directors we thank Tony for his many years of service to the
company and wish him well in the future."
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 200 km2 of highly prospective
tenure across 4 projects, all 100% owned: The flagship Dixie
Project, the Pakwash Property, the Sobel Property, and the Red Lake
North Property, 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.
