{"id":18107,"date":"2021-12-09T09:31:00","date_gmt":"2021-12-09T17:31:00","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18107"},"modified":"2021-12-09T09:38:58","modified_gmt":"2021-12-09T17:38:58","slug":"kinross-gold-to-acquire-great-bear-resources","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/kinross-gold-to-acquire-great-bear-resources\/","title":{"rendered":"Kinross Gold to Acquire Great Bear Resources"},"content":{"rendered":"\n
Great Bear Resources Ltd.\u00a0 (TSX-V: GBR) (OTCQX: GTBAF) is set to be acquired <\/a>by Kinross Gold Corporation after the two companies entered into a binding agreement.<\/p>\n\n\n\n Shares of Great Bear Resources Ltd.\u00a0 (TSX-V: GBR) gained 23.4% in premarket trading following the announcement.<\/p>\n\n\n\n Great Bear shareholders are set to receive approximately C$29.00 per Great Bear common share, representing a 40% increase on Great Bear\u2019s 20-day volume weighted average price (VWAP). Alternatively, current Great Bear shareholders are able to elect to receive 3.8564 Kinross shares per Great Bear share, subject to proration.<\/p>\n\n\n\n Once completed, the transaction will result in Great Bear shareholders owning approximately 7% of Kinross, on a fully diluted basis.\u00a0<\/p>\n\n\n\n \u201cThe acquisition of Great Bear by Kinross is an outstanding opportunity for our shareholders, partners at Wabauskang and Lac Seul First Nations, and the local communities of Northern Ontario. As a senior gold producer, Kinross has the financial strength, technical expertise, and commitment to the highest ESG practices to advance the Dixie project at the pace and scale that this industry-leading discovery deserves.\u201d<\/p>Chris Taylor, President and CEO of Great Bear<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Great Bear Resources Ltd.\u00a0 (TSX-V: GBR) (OTCQX: GTBAF) is set to be acquired by Kinross Gold Corporation after the two companies entered into a binding agreement. Up Premarket Shares of Great Bear Resources Ltd.\u00a0 (TSX-V: GBR) gained 23.4% in premarket trading following the announcement. 40% Increase in Share Price Great Bear shareholders are set to… View Article<\/a>","protected":false},"author":3,"featured_media":17502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,11,6,16],"tags":[],"acf":[],"yoast_head":"\nUp Premarket<\/h5>\n\n\n\n
40% Increase in Share Price<\/h5>\n\n\n\n