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GBG
GBG
GBG - Great Basin Gold Limited - Dealing in securities by the company secretary
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" or "the Company")
DEALING IN SECURITIES BY THE COMPANY SECRETARY
In compliance with rule 3.63 to 3.74 of the Listing Requirements of the JSE
Limited, the following information is disclosed in respect of exercise of share
options for Great Basin ordinary shares by the company secretary of Great Basin:
Company Secretary: Willem Johannes Petrus Beckmann
Company: Great Basin Gold Ltd
Date of Transaction: 14 October 2010
Class of Security: Ordinary shares
Nature of transaction: Exercise of share options
Number of shares : 226,640
Price per option granted: CAD $1.25.
Price per share sold CAD $2.836
Total value: CAD$642,751 @ ZAR6.74 = ZAR4,332,142
gross.
Vesting period: 11 December 2011;
Nature of Interest: Share options
Market Intermediary: Haywood Securities Inc, Vancouver,
Canada.
Confirmation of Clearance As per Great Basin Gold Governance
Manual (see below):
"No officer or director of the Company
shall buy or sell equity securities of
the Company during the period that
begins on the earlier of (a) the first
day of the month in which annual or
quarterly financial results are to be
released to the public or (b) the date
on which the draft financial statements
and/or management`s discussion and
analysis are first delivered to the
Company`s CFO, and ends one trading day
after the public release of quarterly
and annual financial results of the
Company. The CFO shall promptly notify
the officers and directors if the date
of delivery of the draft financial
statements and/or management`s
discussion and analysis precedes the
first day of the month that would
otherwise begin this blackout period".
Johannesburg
20 October 2010
Sponsor
Nedbank Capital
Date: 20/10/2010 09:54:01 Produced by the JSE SENS Department.
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