Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

>>the Borrower and GBGI shall have reached an agreement with the Facility Agent with respect to the treatment and voting of certain intercompany claims held by GBGL and GBGI against the Hollister Parties in any plan of reorganization filed by the Holister Parties

Keep in mind - the 'Facility Agent' can credit bid at the auction. Sounds to me like the DIP lender is getting more and more hooks in the Hollister carcass.

I didn't see anything I liked in the monitor report - I think the section on Hollister was written prior to the auction and submitted today - hence no detail on the results. I didn't much care for the language regarding Burnstone - 3 bids received is great, but no color on them - could be the monitor doesn't know, that the BRP is supposed to maintain some sort of Chinese wall until one is picked - I'm just speculating there, but it would have been nice to see some level of encouragement in connection with the comment. I've not read the affidavit yet - and this is my 15th post of the day, so I'll probably not be able to post my thoughts on that till tomorrow.