Great Bear Uranium Corp.

Great Bear Uranium Corp.

July 17, 2007 22:11 ET

Great Bear Uranium Corp.: $175,000 Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Great Bear Uranium Corp. (the "Company") is pleased to announce that it has completed a non-brokered private placement, selling 500,000 common shares at the price of C$0.35 per share to raise gross proceeds of C$175,000. A finders' fee of 50,000 shares has been paid in respect of the private placement.

All shares issued in connection with the private placement are subject to a four month hold period expiring November 13, 2007.

The proceeds from the private placement will be used to fund the Company's mineral exploration projects and for general working capital.

GREAT BEAR URANIUM CORP.

On behalf of the Board

Wan Jung, President

Contact Information

  • Great Bear Uranium Corp.
    Wan Jung
    President
    (604) 506-0988
    (604) 941-7278 (FAX)