Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

Look at section 2.4 (a) - The APA very specifically states the CS debt is an excluded liability - that means not assumed.


2.4 Excluded Liabilities. The Buyer does not assume any Liability of the Sellers or of
any Affiliate of any Seller relating to or arising out of any of the following, which shall be
retained and remain Liabilities of the Sellers (collectively, the “Excluded Liabilities”):
(a) any indebtedness for borrowed money of the Sellers to the extent not
expressly assumed hereunder as part of the Assumed Liabilities, including the Existing CS Debt;