Replies to post #9777 on SMALL CAP GOODIES

[Penny Roger$]

Great Basin Gold Ltd Considers Sale; CEO Resigns-Reuters
Wednesday, 15 Aug 2012 02:45pm EDT
Reuters reported that Great Basin Gold Ltd said its CEO had quit and the Company might be sold, after problems at its mines led to a cash crunch. Chief Executive Ferdi Dippenaar resigned as part of a process to consider strategic options such as a sale of the company or a portion of it, Great Basin said in a statement. Great Basin's interim CEO Lou Van Vuuren said a few parties had already shown interest for its Hollister mining project in Nevada. He said the company would need an offer of at least CAD0.50 per share to get shareholders to vote for it. Such an offer implies a premium of more than 125% to the stock's current price. Full Article

http://www.reuters.com/finance/stocks/GBG/key-developments