Oct 26 (Reuters) - Great Bear Resources Ltd GBR.V :
* GREAT BEAR ANNOUNCES C$3.5 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARES
* GREAT BEAR RESOURCES LTD - PROCEEDS FROM OFFERING WILL BE USED TO INCUR "CANADIAN EXPLORATION EXPENSES" RELATED TO GREAT BEAR'S PROJECTS IN ONTARIO
* GREAT BEAR RESOURCES - ENTERED INTO AGREEMENT WITH CORMARK SECURITIES TO PURCHASE 1 MILLION COMMON SHARES AT PRICE OF $3.50 PER FLOW-THROUGH COMMON SHARE