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GBG
GBG
GBG - Great Basin Gold Limited - Directors 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")
DIRECTORS DEALING IN SECURITIES
In compliance with rule 3.63 to 3.74 of the JSE Limited Listing Requirements,
the following information is disclosed:
Director: Ferdinand Dippenaar
Company: Great Basin
Date of Transaction: 22 August 2011
Class of Security: Ordinary shares
Nature of transaction: Exercise of share options
Number of shares : 254,800
Price per option granted: CAD $1.25
Average price per share CAD $2.00
sold
Total value: CAD $191,100 (CAD $509,600 - CAD
$318,500 back to Treasury)
Vesting period: 2 Years (Granted 11 December 2008 -
Vesting date 11 December 2010)
Nature of Interest: Share options granted by Company.
Market Intermediary: BMO Nesbitt Burns Inc, Vancouver.
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".
Trading Blackout was lifted by the
Company on August 17, 2011.
24 August 2011
Sponsor
Nedbank Capital
Date: 24/08/2011 09:30:01 Produced by the JSE SENS Department.
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