The Company intends to use the gross proceeds of the
Offering to finance its previously announced exploration program (see
press release dated
The Common Shares, the Warrants, and the shares
issuable upon the exercise of the Warrants, are subject to statutory
resale restrictions for a period of four months and one day following
closing of the Offering. Closing of the financing is expected to occur
on or about
The primary business of the Company is the evaluation, acquisition, exploration and development of silver properties in the
This release and subsequent oral statements made by and on behalf of the Company may contain forward-looking statements, which reflect management's expectations. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Silver Bear cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the results expressed or implied in the forward-looking statements. Such risks factors include but are not limited to risks factors identified by Silver Bear in its continuous disclosure filings filed from time to time on SEDAR. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause Silver Bear's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although Silver Bear has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this release, and Silver Bear assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.
|65 Queen Street West|
|Suite 805, P.O. Box 71|
|Toronto, ON M5H 2M5|
For further details, please visit www.silverbearresources.com.
Dominique VaillancourtCompany Name: Silver Bear Resources Inc.Contact Title: Manager, Investor Relations Phone: 416-309-4397 Other1: email@example.com Contact: Mark TrevisiolCompany Name: Silver Bear Resources Inc.Contact Title: President and Chief Executive Officer Phone: 416-309-2131 Other1: firstname.lastname@example.org Other2: www.silverbearresources.com