| Wed 17 Mar 2010, 14:30 | | GBG - Great Basin Gold Added To The S&P/TSX Global Gold Index And The S&P/TSX |
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GBG
GBG
GBG - Great Basin Gold Added To The S&P/TSX Global Gold Index And The S&P/TSX
Global Mining Index
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 ADDED TO THE S&P/TSX GLOBAL GOLD INDEX AND THE S&P/TSX GLOBAL
MINING INDEX
March 17, 2010, Vancouver, BC - Great Basin Gold Ltd. ("Great Basin Gold" or the
"Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) today announced that Standard
and Poor`s (S&P) has added Great Basin Gold to its S&P/TSX Global Gold Index as
well as its S&P/TSX Global Mining Index, effective before market open on Monday,
March 22, 2010.
"This is a very positive development for Great Basin Gold that complements our
listing in the S&P/TSX Composite Index, and the S&P/TSX Small Cap Index,"
commented Ferdi Dippenaar, President and CEO. "Our inclusion is also testament
to our Company`s value and recognition of the significant progress and growth we
have achieved thus far."
S&P/TSX Global Gold Index is designed to be a dynamic international benchmark,
tracking the world`s leading gold companies, and aims to offer investors broad
exposure to the world`s gold markets. Listed securities eligible for inclusion
in the index must meet certain criteria including market capitalization and the
liquidity of its stock relative to other stocks in the index. Great Basin Gold
has met all of the criteria.
About the S&P/TSX Composite Index
Introduced in 1977, the S&P/TSX Composite is the headline index and the
principal broad-market measure for Canadian Equity markets. It includes common
stock and income trust units and serves as the benchmark for the majority of
Canadian pension funds and mutual funds. With approximately 95% coverage of the
Canadian equities market, it is the primary gauge for Canadian-based, Toronto
Stock Exchange listed companies.
About the S&P/TSX Global Mining Index
The S&P/TSX Global Mining Index is a premier international benchmark tracking
the world`s leading mining companies. It aims to offer investors the full
spectrum of exposure to the world`s mining markets by providing an investable
representative index of publicly-traded international mining companies.
About the S&P Small Cap Index
The S&P/TSX SmallCap index provides an investable index for the Canadian small
cap market. It includes common stock and income trust units, and is calculated
in real-time. The index is also the basis for the S&P/TSX Equity SmallCap
index, which is calculated end-of-day and excludes income trusts. The S&P/TSX
SmallCap index is calculated and managed by Standard & Poor`s.
For additional details on Great Basin Gold Ltd. 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.
17 March 2010
Sponsor
Nedbank Capital
Date: 17/03/2010 14:30:01 Produced by the JSE SENS Department.
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