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GREAT BASIN GOLD
Great Basin Gold Newsletter
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Published date : 2012-03-14 |
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Great Basin Gold
Not for distribution to U.S.
news wire services or dissemination in the United States
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March 14, 2012, Vancouver, BC – Great Basin Gold Ltd.
(“Great Basin Gold” or the “Company”), (TSX: GBG; NYSE Amex: GBG; JSE: GBG) in order provide additional clarification with regards to its Black Economic Empowerment partner, Tranter Burnstone (Pty) Ltd.
(“Tranter”), which is owned by historically disadvantaged South Africans (“HDSA”), has been notified that Tranter is currently in default of the requirements of their loan agreement with Investec Bank Ltd (“Investec”) under which it borrowed ZAR 200 million ($27 million) to partly fund the purchase of 19,938,650 treasury common shares in Great Basin Gold in 2007.
Read more...
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Investor Relations Team
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Michael Curlook
IR Manager & Corp.
Development
Toll Free: 1 888-633-9332
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Ms.
Tsholo Serunye
IR Officer
Office: +27 11 301 1800
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Barbara Cano
Breakstone Group
Office: 1-646-452-2334
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