Vancouver, B.C., August 20, 2013 - Great Bear Resources Ltd. (the "Company") is pleased to announce it intends to complete a non-brokered private placement to raise up to C$450,000 by the issuance of up to 5,000,000 units at $0.09 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share for $0.12 per share for a five year period.
Finders' fees may be paid in accordance with regulatory policy. All shares issued in connection with the private placement are subject to a four month hold period.
The private placement is subject to regulatory approval. Proceeds from the private placement will be used for further exploration as well as corporate working capital.
For further information, please contact Mr. Chris Taylor, P.Geo, President.
ON BEHALF OF THE BOARD
Chris Taylor, President
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.
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