Mr. John Robins reports
GREAT BEAR ROYALTIES APPOINTS JILL DONALDSON TO BOARD OF DIRECTORS AND GRANTS STOCK OPTIONS
Great Bear Royalties Corp. has appointed Jill Donaldson to the company's board of directors, effective immediately. Ms. Donaldson has joined the board as an independent director.
Ms. Donaldson is a senior corporate and securities lawyer with extensive experience working with boards in mergers and acquisitions, strategic planning, governance, and risk management.Ms. Donaldson holds the ICDD designation from the Institute of corporate directors, and is a director of Prospera Credit Union and Canuck Place Children's Hospice.
John Robins, chief executive officer of Great Bear Royalties, said: "On behalf of the board of directors and management, I would like to welcome Jill to the Great Bear Royalties Board. Jill's independence, and her breadth of transaction and corporate governance experience, will further strengthen the Great Bear Royalties team."
Additionally, the company's board of directors has approved the grant of options for 250,000 common shares to certain directors, officers, employees and consultants of the company pursuant to the company's stock option plan. The options have an exercise price of $4.50 per share and a term of five years. A total of 25 per cent vest immediately, 25 per cent vest on the six-month anniversary of the grant date, 25 per cent vest on the 12-month anniversary of the grant date and 25 per cent vest on the 18-month anniversary of the grant date. The grant of the options is subject to the approval of the TSX Venture Exchange.
About Great Bear Royalties Corp.
Great Bear Royalties is a precious metals royalty and streaming company. The company's principal asset is a 2-per-cent net smelter return royalty on Great Bear Resources Ltd.'s Dixie project located in Red Lake, Ont. The Dixie project is Canada's newest major gold discovery, with one of the largest fully financed exploration programs in the country currently under way ($45-million/more than 175,000 metres of drilling) with an objective to further establish its status as a potential Tier 1 gold project.
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