Big Bear Mining Corp Raises Half A Million Dollars in Private Placements

    


    
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<p>TEMPE, Ariz., <span class="xn-chron">Nov. 18, 2010</span> /CNW/ -- Big Bear Mining Corp (OTC Bulletin Board: BGBR), a U.S. based mining company focused on the acquisition and exploration of gold and other precious commodity projects, announced today that they have raised 500,000.00 in private placements.</p>
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<p><span class="xn-person">Steve Rix</span>, CEO & President, stated, "We are pleased that members of the investment community see our projects as worthy of funding for their ongoing exploration and development. We plan to use these funds to facilitate our work in Red Lake and Rattlesnake Hills where we have been active this season."</p>
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<p>Under the terms of these agreements Big Bear has received <span class="xn-money">$250,000.00</span> from two different sources, Intosh Services Ltd. and Finter Bank <span class="xn-location">Zurich</span>. Both sources have agreed to pay <span class="xn-money">$0.25</span> per share and will each receive 1,000,000 share of restricted stock.</p>
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    About Big Bear:
    
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<p>Big Bear Mining Corp is a U.S. based exploration and development company, focused on the acquisition and development of gold and other precious commodity projects which demonstrate high probability for near term production. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR.</p>
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    www.bigbearminingcorp.com

    Notice Regarding Forward-Looking Statements

    
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<p>This news release contains "forward-looking statements," as that term is defined in Section 27A of the <span class="xn-location">United States</span> Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the planned exploration activity at the Red Lake and Rattlesnake Hills properties.</p>
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<p>Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.</p>
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For further information: Ross Silver, [phone], [email protected], for Big Bear Mining Corp Web Site: http://www.bigbearmining.com