Great Bear Resources has entered into an agreement with Cormark and CIBC Capital Markets to act as co-lead underwriters and joint bookrunners for the purchase of 2 million flow-through common shares of the company on a bought-deal private placement basis at C$18.6 per share. The gross proceeds to the company are estimated at C$37.2 million, and are expected to be used for exploration expenses at the company’s properties in Ontario. Closing is expected around Feb. 18. SIGN UP FOR THE PRECIOUS METALS DIGEST Earlier this week, the company announced drill results from seven drill holes completed over 200 metres of strike ... (full story)