Great Basin Gold Ltd. (fka GBGLF)

[amarksp]

Great Basin Gold Announces Financings for Growth Projects
______________________
No 1/2 warrants...? Sure looks that way. That's positive.

Now if we could figure out if $2.25 is C$ or US$, judging by the share price this is C$...?

Would appear to me that most all of these shares going to institutions/funds, on a bought deal basis...?
____________________
08:59 EDT Tuesday, April 11, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2006) - Great Basin Gold Ltd. (TSX:GBG)(AMEX:GBN) ("GBG" or the "Company") has entered into an agreement with an underwriter (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase for resale to the public, on a bought-deal basis, 6,700,000 common shares of GBG at a price of $2.25 per share, for gross proceeds of $15,075,000 (the "Offering").

The terms of the Offering provide for an option pursuant to which the Underwriter may increase the size of the Offering by up to 4,500,000 additional common shares (the "Over-Allotment Option"). The Over-Allotment Option may be exercised in whole or in part by written notice to the Company not less than 48 hours prior to the closing of the Offering. If the Over-Allotment Option is fully exercised, the gross proceeds raised pursuant to the Offering, will be $25.2 million.