Great Basin Gold Files Preliminary Prospectus for $110 Million Convertible Debentures
04 Novembro 2009 - 6:25PM
PR Newswire (US)
VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ -- Great Basin Gold Ltd.
("Great Basin Gold" or the "Company"), (TSX: GBG; NYSE Amex: GBG;
JSE: GBG) announces that it has filed a preliminary prospectus
dated November 3, 2009 in all Provinces of Canada effective
November 4, 2009 to qualify the distribution of $110 million
principal amount of senior unsecured convertible debentures sold
pursuant to a bought deal announced on October 29, 2009. The
securities are being sold pursuant to an underwriting agreement
between the Company and a syndicate of underwriters. The
preliminary prospectus is available for download at
http://www.sedar.com/ and provides additional details about the
debentures and updates various operational and financial matters
respecting the Company. The debentures will 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. 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 http://www.sedar.com/. DATASOURCE: Great Basin Gold
Ltd. CONTACT: on Great Basin Gold and its gold properties, please
visit the Company's website at http://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
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