Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

GBGLF is still-trading... A BUY? UP 56%-today...

It might be time to purchase...

If the SEC does not put the brakes on these shares... ? Hmmm...

It is ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of each class of registered securities of Respondent Great Basin Gold Limited is REVOKED.

This initial decision shall become effective in accordance with and subject to the provisions of Commission Rule of Practice 360, 17 C.F.R. § 201.360. Pursuant to that rule, a party may file a petition for review of this initial decision within twenty-one days after service of the initial decision. A party may also file a motion to correct a manifest error of fact within ten days of the initial decision, pursuant to Rule 111, 17 C.F.R. § 201.111(h). If a motion to correct a manifest error of fact is filed by a party, then a party shall have twenty-one days to file a petition for review from the date of the undersigned’s order resolving such motion to correct a manifest error of fact.

This initial decision will not become final until the Commission enters an order of finality. The Commission will enter an order of finality unless a party files a petition for review or a motion to correct a manifest error of fact or the Commission determines on its own initiative to review the initial decision as to a party. If any of these events occur, the initial decision shall not become final as to that party.

A respondent may move to set aside a default. Rule 155(b) permits the Commission, at any time, to set aside a default for good cause, in order to prevent injustice and on such conditions as may be appropriate. 17 C.F.R. § 201.155(b). A motion to set aside a default shall be made within a reasonable time, state the reasons for the failure to appear or defend, and specify the nature of the proposed defense in the proceeding. Id.

____________________________ Jason S. Patil
Administrative Law Judge

https://www.sec.gov/alj/aljdec/2016/id1050jsp.pdf

http://investors.morningstar.com/ownership/shareholders-major.html?t=GBGLF

https://home.kpmg.com/content/dam/kpmg/pdf/2016/05/affidavit-1-of-m-kane.pdf

Great Basin Gold Ltd. (Great Basin) is a mining company. The Company is engaged in the acquisition, exploration and development of precious metal deposits. The Company has two projects, the Hollister gold project, which was located on the Carlin Trend goldfield in Nevada, United States (the Hollister Property) and the Burnstone gold mine, which is located in the Witwatersrand Basin goldfields in South Africa (the Burnstone Property). The Burnstone Property is located approximately 80 kilometers southeast of Johannesburg, near the town of Balfour in the Mpumalanga Province of South Africa. In addition to its two primary projects, it holds interests in early stage mineral prospects known as the Tsetsera Property in Mozambique and properties in Tanzania. The Hollister Property consists of a total of 950 unpatented, federal mining claims, covering over 69 square kilometers. During the year ended December 31, 2011, the Company disposed of its interest in Kurils Resources.

http://wikibusiness.org/za/auvk_aqlnvdcaqj5q2y2

The Hollister Mine is now... ? Klondex Mines ?
http://www.klondexmines.com/investors/news/klondex-announces-agreement-to-acquire-the-hollister-mine-and-ccad100-million-subscription-receipt-offering