| Mon 16 Nov 2009, 8:44 | | GBG - Great Basin Gold - Great Basin Files Final Prospectus |
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GBG
GBG
GBG - Great Basin Gold - Great Basin Files Final Prospectus
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 FILES FINAL PROSPECTUS
November 13, 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 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.
The Debentures will only 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: 16/11/2009 08:44:00 Produced by the JSE SENS Department.
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