CALGARY, Alberta, Feb. 27, 2019 (GLOBE NEWSWIRE) -- As previously reported on December 28, 2016, Champion Bear Resources Ltd. ("Champion Bear") completed an equity offering of 5,000,000 common shares ("Common Shares") at a price of $0.10 per share. At this time Brad Butler acquired 1,000,000 ("Common Shares").
Following the acquisition of these shares and disclosed in the Annual Information Circular dated May 19, 2017, Mr. Butler exercised control over an aggregate of 4,859,442 ("Common Shares"), representing approximately 10.68% of the issued and outstanding common shares.
Mr. Butler holds the ("Common Shares") for investment purposes and may, depending on market and other conditions, acquire additional common shares through market transactions or otherwise, or may sell all or some of the common shares which he owns or controls.
This news release is issued pursuant to National Instrument 62-103-The Early Warning System. Mr. Butler has filed an Early Warning Report dated February 27 2019. A copy of the EWR will appear on ("Champion Bear's") profile at www.sedar.com.
About Champion Bear Resources Ltd.
Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary targets are platinum group metals, precious metals, and polymetallic base metals deposits. Champion Bear's aim is to create shareholder value through selective property acquisition followed by focused exploration emphasizing drilling. The Company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares. Additional information about Champion Bear can be found on the Company's website at www.championbear.com and on SEDAR at www.sedar.com.
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