Movers and SHAKERS
Great Bear Resources (GTBAF)(GBR:CA)
Acquisition by Kinross Expected to Close on or around February 24
Noble Capital Markets research on Great Bear Resources is published under ticker symbols GTBAF and GBR:CA. The price target is in USD and based on ticker symbol GTBAF. Great Bear Resources Ltd is a gold exploration company. It explores for mineral properties in the Red Lake District in Ontario, Canada. Its property portfolio includes Great Bear's Red Lake Properties with the flagship Dixie project, Pakwash property, and Sobel property.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Shareholder approval and final order. Following shareholder approval during a special meeting on February 14, Great Bear Resources obtained a final order from the Supreme Court of British Columbia approving the acquisition of Great Bear by Kinross Gold Corporation (TSX: K, NYSE: KGC, Not Rated).
Transaction consideration. Based on elections received, Great Bear shareholders who elected to receive all cash consideration are subject to pro-ration and will receive ~C$26.16 in cash and ~0.3783 Kinross shares per Great Bear share. Shareholders who did not make an election were deemed to receive the all cash consideration, subject to pro-ration. Those electing to receive all shares will receive ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.