Great Basin Gold Ltd. (TSX: GBG; NYSE Amex: GBG; JSE: GBG)stated that it has filed a final prospectus in all Provinces of Canada relating to the offering of $110 million of convertible debentures ($126.5 million with over-allotment option) on Nov 12, 2009. The prospectus updates financial and operational information and incorporates an amended executive compensation form for the year ended December 31, 2008. Completion of the offering and commencement of trading of the Debentures are subject to meeting TSX listing requirements and completion of customary closing documents. Great Basin anticipates low cost production from Hollister Project: Production at the Hollister property on the prolific and highly developed Carlin Trend in
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
The recent purchase and refurbishment of the Esmeralda Mill has resolved milling issues; opened up opportunities for expansion and enabled efficiencies in the entire mining operation. In June 2009, Hollister updated the mineral resources based on trial mining and drilling results and increased its overall contained gold equivalent ounces by 27% from 2.3 to 2.9 million ounces. Gold production at the Burnstone Mine,is located in the world’s most prolific goldfield, the
Exploration Growth are postive factors for
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Us
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer