| Thu 5 Nov 2009, 7:05 | | GBG - Great Basin Gold Limited - Great Basin Gold Files Preliminary |
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GBG
GBG
GBG - Great Basin Gold Limited - Great Basin Gold Files Preliminary
Prospectus For $110 Million Convertible Debentures
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 GOLD FILES PRELIMINARY PROSPECTUS FOR $110 MILLION CONVERTIBLE
DEBENTURES
November 4, 2009, Vancouver, BC - Great Basin Gold Ltd. ("Great Basin Gold"
or the "Company"), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that it has
filed a preliminary prospectus dated November 3, 2009 in all Provinces of
Canada effective November 4, 2009 to qualify the distribution of $110 million
principal amount of senior unsecured convertible debentures sold pursuant to
a bought deal announced on October 29, 2009. The securities are being sold
pursuant to an underwriting agreement between the Company and a syndicate of
underwriters. The preliminary prospectus is available for download at
www.sedar.com and provides additional details about the debentures and
updates various operational and financial matters respecting the Company.
The debentures will be offered in the United States on a private placement
basis pursuant to exemptions from the registration requirements of the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"). The
debentures have not been and will not be registered under the U.S. Securities
Act, and may not be offered or sold in the United States absent registration
or an applicable exemption from the registrations requirements of such Act.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the securities in any jurisdiction in which such offer,
sale or solicitation would be unlawful.
For additional details on Great Basin Gold 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 9332
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 financing events or technical developments
that Great Basin Gold 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 financial market conditions, metals prices, exploitation
and exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and title and
delays due to third party opposition, geopolitical uncertainty, changes in
government policies regarding mining and natural resource exploration and
exploitation, 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 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: 05/11/2009 07:05:10 Produced by the JSE SENS Department.
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