Where is the GBGLF business rescue... How were the shares restructured? If at all? SOUTHGOLD PROPRIETARY LIMITED >Southgold was a member of the Great Basin Gold (GBG) group of companies with its main business of mining exploration >GBG was a Canadian company listed on the Toronto Stock Exchange >Company is the owner of the Burnstone mine – Mpumalanga >Southgold was placed under business rescue on 14 September 2012, pursuant to a voluntary resolution passed by the board of directors and Peter van den Steen was appointed as the business rescue practitioner >Provision of post-commencement funding by secured lenders http://www.tma-sa.com/events/tma-sa-conference-2015/80-13-35-pm-jared-n-and-eric-l-werksmans-attorneys/file.html SOUTHGOLD PROPRIETARY LIMITED >Conclusion of a restructuring and support agreement between the business rescue practitioner, the secured lenders and the noteholders >Transaction structured as a – >restructure of Southgold’s shares in certain subsidiaries >transfer of intra-group assets to Southgold >sale of the shares in Southgold to Wits Gold for R1 >restructure of Southgold’s debt and security to the secured lenders. Debt to be repaid over time >payment by the secured lenders and Wits Gold of amounts to be made available for payment to noteholders and trade creditors upon closing of the transaction http://www.polity.org.za/article/business-rescue-of-southgold-gives-mine-a-new-lease-on-life-2014-08-07