Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

I don't see GBG holding back on the sale of Hollister - the original plan was for a SISP - but they backed away from that in early January. From the 6th Report:

9.4 The following are the key dates associated with the revised Hollister sales process:
a) No later than January 25, 2013 – draft purchase agreement and bidding
procedures to be made available in GBGL’s data room;
b) No later than February 15, 2013 – receipt of firm offers from stalking horse
bidders, including markups of a purchase agreement and bid/auction procedures;
c) No later than March 7, 2013 – court approval of the purchase agreement and
bid/auction procedures;
d) No later than April 12, 2013 – receive final bids;
e) No later than April 15, 2013 – auction held;
f) No later than April 19, 2013 – court approval of final offer and sale; and
g) Closing of the sale of the Hollister assets shall occur not more than thirty days
after the issuance of the court order.