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Last $0.03 USD
Change Today 0.00 / 0.00%
Volume 0.0
GYPHQ On Other Exchanges
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

gryphon gold corp (GYPHQ) Snapshot

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gryphon gold corp (GYPHQ) Details

Gryphon Gold Corporation engages in the acquisition, exploration, and development of gold properties primarily in Nevada, the United States. The company, through its wholly owned subsidiary, Borealis Mining Company, principally holds interest in the Borealis gold project that comprises 751 unpatented mining claims with an area of approximately 15,020 acres and 1 unpatented millsite claim with an area of approximately 5 acres located in the Walker Lane gold belt of western Nevada. Gryphon Gold Corporation was founded in 2003 and is headquartered in Carson City, Nevada. On July 29, 2013, Gryphon Gold Corporation filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Nevada.

41 Employees
Last Reported Date: 10/24/12
Founded in 2003

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gryphon gold corp (GYPHQ) Key Developments

Gryphon Gold To Be Deleted From OTCBB

Gryphon Gold Corp’s common stock will be deleted from OTC Bulletin Board effective August 20, 2013 on account of failure to comply with NASD 6530. The company will be added to NBB.

Gryphon Gold Corporation announced delayed annual 10-K filing

On 06/28/2013, Gryphon Gold Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Gryphon Gold Updates Litigation with Royalty Holders

Gryphon Gold Corporation announced that the Royalty Holders have appealed the decision First Judicial District Court of the State of Nevada in favour of Borealis Mining Company. On May 10, 2013, the company announced that it had successfully defended the complaint filed in the First Judicial District Court for the State of Nevada in Carson City by the following Borealis royalty holders: Cavell Trust, Hardrock Mining Company and John W. Whitne ("Royalty Holders"). The Royalty Holders submitted on June 21, 2013 a notice of appeal of the decision of the First Judicial District Court of the State of Nevada in Carson City which had ruled that judgment should be entered in favor of Borealis Mining Company, LLC that the advance royalty payments under the lease are to be credited against and are recoupable from the production royalties payable under the lease. Borealis Mining Company, LLC was awarded a credit of $1,507,583.25 to be taken against the net smelter royalty. The District Court also declared that future monthly advance royalty payments are to be credited and that Borealis Mining Company, LLC must continue to pay the monthly advance royalty payments during the remaining term of the lease. The claims for relief of the Royalty Holders concerning the credit for the advance royalty payments were dismissed, including their claims for relief against the company as the guarantor of the lease.


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