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GBG
GBG
GBG - Great Basin - Director`s Dealing in Securities
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")
DIRECTOR`S DEALING IN SECURITIES
In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the
following information is disclosed in respect of exercise of share options for
Great Basin ordinary shares by a director of Great Basin:
Director: Walter T. Segsworth
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 : 50,000
Price per option granted: CAD $1.35.
Price per share sold CAD $2.88
Total value: CAD$144,000 @ ZAR6.74 = ZAR
970,560 gross.
Vesting period: Expires 14 January 2014
Nature of Interest: Direct Beneficial
Market Intermediary: Not applicable
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
1 November 2010
Sponsor
Nedbank Capital
Date: 01/11/2010 10:16:01 Produced by the JSE SENS Department.
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