11:54 AM EST - Silver Bear Resources Inc. : announced its financial results for the first quarter ended March 31, 2012. Silver Bear incurred a net loss of $2.33 million, or $0.05 per share. This compares to a loss of $0.85 million or $0.02 per share for three-months ended March 31, 2011. At March 31, 2012, Silver Bear had cash and cash equivalents of $2.02 million. The Company has total obligations of $0.59 million under a three-year finance lease of exploration equipment. Silver Bear Resources Inc.
shares T.SBR are trading down $0.02 at $0.38.
