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amarksp

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amarksp

Re: basserdan post# 504

Tuesday, 01/30/2007 11:27:31 AM

Tuesday, January 30, 2007 11:27:31 AM

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GREAT Basin Gold (GBG), a gold exploration firm, is to complete a R260m empowerment deal with Tranter Gold, reported Business Report citing Ferdi Dippenaar, CEO and president of GBG.


GBG would like to close the deal in the first quarter in which Tranter would buy a 26% stake in GBG's R1bn Burnstone project, equal to a 13% stake in GBG, Dippenaar told Business Report.

Tranter is led by Sipho Nkosi who is the former head of Eyesizwe Coal which merged with Kumba Resources last year to form Exxaro Resources, Business Report said.

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