Brief: Silver Bear agrees to a private placement financing of C$11.22 million in two tranches of convertible notes
08/10/2015 15:15
Oct 8 (Reuters) - Silver Bear Resources Inc SBR.TO : * Agrees to a private placement financing of C$11.22 million in two tranches of convertible notes * Major shareholders have agreed to supply the company with loans in aggregate principal amount of C$11.2 million * Shareholders to supply the company with loans to address the company's immediate financial needs * To use the gross proceeds from the financing to finance further pre-construction and development of the mangazeisky property * Source text for Eikon ID:nMKWk3TGwa * Further company coverage SBR.TO ((Bengaluru Newsroom; +1 646 223 8780))
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