TSX-V: GBRR
VANCOUVER, BC, Oct. 4, 2021 /CNW/ - Great Bear Royalties
Corp. (the "Company" or "Great Bear Royalties") (TSXV: GBRR) is
pleased to announce that Ms. Jill
Donaldson has been appointed to the Company's Board of
Directors effective immediately. Ms. Donaldson has joined the Board
as an independent director.
Jill 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
ICD.D designation from the Institute of Corporate Directors and is
a director of Prospera Credit Union
and Canuck Place Children's Hospice.
John Robins, CEO 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 announces that its board of directors
has approved the grant of options for 250,000 common shares (the
"Options") 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 5 years. 25% vest
immediately, 25% vest on the 6-month anniversary of the grant date,
25% vest on the 12-month anniversary of the grant date, and 25%
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.
ON BEHALF OF THE
BOARD
John Robins, CEO &
Director
About Great Bear Royalties Corp.
Great Bear Royalties Corp. is a precious metals royalty and
streaming company. The Company's principal asset is a 2% NSR
Royalty on Great Bear Resources Ltd.'s (TSXV:GBR) Dixie Project
located in Red Lake, Ontario. The
Dixie Project is Canada's newest
major gold discovery, with one of the largest fully funded
exploration programs in the country currently underway
($45 million / +175,000m of drilling) with an objective to
further establish its status as a potential Tier 1 gold
project.
SOURCE Great Bear Royalties Corp.
