🕐03.02.11 - 13:27 Uhr

Great Basin Gold Announces $75 Million Bought Deal Public Offering of Common Shares



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Published date : 2011-02-03

Great Basin Gold Announces $75 Million Bought Deal Public Offering of Common Shares

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February 2, 2011, Vancouver, BC – Great Basin Gold Ltd.

(“Great Basin Gold” or the “Company”), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets pursuant to which the underwriters have agreed to, on a bought deal basis, buy 29,415,000 common shares of the Company at a price of $2.55 per common share for aggregate gross proceeds of $75.0 million (the "Offering"), by way of a short form prospectus.

The Company has granted the underwriters an over-allotment option to purchase up to an additional 15% of the Offering, for a period of 30 days following the closing.

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Michael Curlook
IR Manager & Corp.

Development

Toll Free: 1 888-633-9332

Ms.

Tsholo Serunye
IR Officer

Office: +27 11 301 1800
Barbara Cano
Breakstone Group

Office: 1-646-452-2334
 
 
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