Great Basin Gold Ltd. (fka GBGLF)

[ROXETER]

GREAT Basin Gold’s Hollister mine in Nevada has been sold of for $15m plus a royalty payment, in an auction in NEW YORK during May of 2013.

The proceeds of the Hollister sale of $15m and a 15% net profits royalty will be payable to the estate of Great Basin’s bankrupt US subsidiary up to a maximum of $90m over a nine-year period.

KPMG was appointed as Great Basin’s monitor by a Canadian court in September last year and supervised the auction.

So there is a 15% percent of the net profit remaining. Because the $15M was spent to pay and cancel the debt.

The buyer was:

Waterton Global Resources
Cheryl Brandon, 416 504 3505
Investment Management
[e-mail]
www.watertonglobalresource.com

We could call them to ask about the remaining 15 % of the net profits.

What do you think guys?

Best,

ROXETER.