Great Basin announces voluntary delisting from NYSE MKT
VANCOUVER, Jan. 15, 2013
VANCOUVER, Jan. 15, 2013 /PRNewswire/ - Great Basin Gold Ltd. (the "Company")
(NYSE MKT:GBG);(JSE:GBG) previously reported in its news release dated
December 24, 2012, the Company intends to delist voluntarily its common shares
from NYSE MKT. Management's belief is that under the Company's current
financial circumstances, it is not practicable for the Company to maintain a
plan of compliance that would satisfy NYSE MKT's continued listing
requirements. As such, the Board of Directors of the Company determined that
it is in the best interests of the Company to delist voluntarily the Company's
common stock from NYSE MKT. In connection therewith, the Company formally
notified NYSE MKT on January 15, 2013 of the Company's intention to file a
Form 25 - Notification of Removal from Listing and/or Registration under
Section 12(b) of the Securities Exchange Act of 1934, as amended, with the SEC
on or about January 25, 2013. The Company expects that the delisting will
take effect on or about February 4, 2013. The Company has not arranged for
listing and/or registration of its common shares on another national
securities exchange or for quotation of its common shares in a quotation
medium (as defined in Exchange Act Rule 15c2-11).
For further information on Great Basin Gold, investors should review the
Company's annual Form 40-F filing with the United States Securities and
Exchange Commission www.sec.com and home jurisdiction filings that are
available at www.sedar.com.
SOURCE Great Basin Gold Ltd.
For additional details on Great Basin Gold Ltd. and its gold properties,
please visit the Company's website atwww.grtbasin.com or contact Ray
Dombrowski, Great Basin CEO or Peter Gibson, Great Basin CFO care of Alvarez &
Marsal Canada ULC email:email@example.com.
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