October 5, 2016 – Vancouver, BC, Canada. – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR) today announced it has entered into a consulting agreement with Knox Communications Inc. (“KCI”) dated October 1, 2016. Pursuant to the terms of the Agreement, KCI has agreed to provide investor relations services to the Company for consideration of $3,000 per month and the grant of stock options to purchase up to 40,000 common shares of the Company at an exercise price of $0.24 per share, subject to vesting in accordance with the Company’s stock option plan.
Headed by Knox Henderson, KCI will assist the Company in strategic marketing and communications. Mr. Henderson brings more than 15 years’ experience in investor relations and corporate communications for publicly listed companies. He has provided marketing services for financings exceeding $100 million in aggregate value for TSX Venture Exchange listed resource companies, from early exploration through to prefeasibility stage. The agreement and the grant of stock options are subject to Exchange approval.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 778-327-5799 or Mr. Knox Henderson at 604-551-2360.
ON BEHALF OF THE BOARD
Chris Taylor, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
We seek safe harbor