| Wed 22 Jul 2009, 14:30 | | GBG - Great Basin Gold - Great Basin Announces Changes To The Board |
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GBG
GBG
GBG - Great Basin Gold - Great Basin Announces Changes To The Board
GREAT BASIN GOLD LIMITED
(Incorporated in Canada and registered as an External Company in South Africa)
(Registration No. 2006/021304/10)
Share Code: GBG & ISIN Number: CA3901241057
("Great Basin Gold" or "the Company")
GREAT BASIN ANNOUNCES CHANGES TO THE BOARD
July 22, 2009 - Great Basin Gold Ltd. ("Great Basin" or the "Company") (TSX:
GBG; NYSE Amex: GBG; JSE: GBG) announces the resignation of Mr. Sipho Nkosi from
its Board of Directors, effective July 17, 2009 consequent upon the Company`s
recent adoption of its majority votes policy. Mr. Nkosi, who is the Chief
Executive Officer of Exxaro Resources Limited and is currently the President of
the Chamber of Mines of South Africa, had represented the Company`s Black
Economic Empowerment ("BEE") partner, Tranter Gold (Pty) Ltd ("Tranter"), on the
Great Basin Board. Mr. Nkosi has agreed to be available to Great Basin to give
advice on matters relating to its South African operations as a consultant as
and when required.
Mr. Joshua Ngoma, a founding member and the current Chief Executive Officer of
Tranter, has been elected to the Board of Great Basin, effective July 15, 2009.
Mr. Ngoma holds a Bachelor of Engineering degree with honours in mining
engineering from Camborne School of Mines in the UK and a Master of Engineering
in Project Management from Pretoria University in South Africa and has spent
most of his career in the mining industry. He served with ZZCM, Cementation
Mining, De Beers and Sasol Mining before joining Eyesizwe Coal, where he served
from Group Technical Manager to General Manager of the Matla Colliery. He later
joined Anglo Platinum as the Group Manager: New Mining Technologies, where he
was responsible for the development and implementation of the Group`s new mining
technologies. In addition to being CEO, he is currently a director of Tranter
Group of companies, as well as Southgold Exploration (Pty) Ltd, a wholly owned
subsidiary of Great Basin, and Ferret Mining and Environmental Services, where
he is Chairman of the Board.
President and CEO Ferdi Dippenaar commenting on the change said:
"On behalf of the Board, I would like to thank Sipho for his years of service to
the Company. The value he added went far beyond merely being the representative
of our BEE partner and we are thankful that he has agreed to his continued
assistance on a consulting basis. I am very pleased to welcome Joshua Ngoma, a
person with technical and operating expertise, to the Great Basin Board. We are
convinced that his addition to the Board will greatly assist the Company in the
advancement of Burnstone and its goal to become a mid-tier gold producer in the
near term."
Ferdi Dippenaar
President and CEO
For additional details on Great Basin and its gold properties, please visit the
Company`s website at www.grtbasin.com or contact Investor Services:
Tsholo Serunye in South Africa 27 (0) 11 301 1800
Michael Curlook in North America 1 (888) 633 9223
Barbara Cano at Breakstone Group in the USA (646) 452 2334
No regulatory authority has approved or disapproved the information contained in
this news release.
Cautionary and Forward Looking Statement Information
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address possible future commercial production, reserve potential,
exploration drilling results, development, feasibility or exploitation
activities and events or developments that Great Basin expects to occur are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company`s annual Form 40-F filing with the United States
Securities and Exchange Commission and its home jurisdiction filings that are
available at www.sedar.com.
Date: 22/07/2009 14:30:01 Produced by the JSE SENS Department.
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