Posted On: 03/09/2014 10:57:09 PM
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Latest Great Basin Gold Ltd. Cl A (GBGLF) Headlines
Great Basin Gold Limited Announces Appointment of Receiver; Concurrent Resignation of All Directors and Officers
Marketwire Canada - Fri Jun 28, 6:14PM CDT
Great Basin Gold Limited (the "Company") announces that FTI Consulting Canada Inc., of Suite 2010, 79 Wellington Street West, Toronto, Ontario, Canada, M5K 1G8 (www.fticonsulting.com) has been appointed receiver over the assets and undertaking of the Company effective today. The Receiver was appointed by order of the British Columbia Supreme Court issued today (Vancouver Registry No S-134749) which also terminated the Companies Creditor Arrangement Act (CCAA) proceedings involving the Company which have been ongoing since September, 2012. Consequent upon the appointment of the Receiver, all directors and officers of the Company and its subsidiaries have resigned effective immediately.
Great Basin Gold Limited Insolvency Update
PR Newswire - Wed May 22, 4:48PM CDT
Great Basin Gold Limited (the "Company") announcesthat further to its news release of April 29, 2013 the sale of its Nevada assets and operations including the Hollister trial mine and Esmeralda millhas completed substantially on the terms disclosed in that news release except that the term of the net profits royalty may be terminated after five years in certain events.
Waterton Global Announces Successful Completion of Acquisition of Hollister Gold Mine and Esmeralda Mill in Nevada
Business Wire - Wed May 22, 7:00AM CDT
Waterton Global Resource Management, Inc., ("Waterton Global") is pleased to announce the successful completion of the purchase of the Hollister gold mine and Esmeralda Mill in Nevada.
Great Basin Gold Limited Updates Insolvency Proceedings
PR Newswire - Mon Apr 29, 6:41PM CDT
Great Basin Gold Limited (the "Company") announces that its Hollister trial mining assets, mineral claims and ore processing operations in Nevada have been tentatively disposed of in an auction conducted pursuant to US Chapter 11 proceedings. The proceeds of Hollister sale were US$15 million plus a 15% net profits royalty payable to the bankrupt US subsidiaries' estate to a maximum of $90 million over an up to nine year period. The tentative terms of sale of Hollister remain subject to negotiation of definitive closing documentation and the approval of the US Bankruptcy Court which will hear the matter May 2, 2013. Completion of the sale has been tentatively set for not later than May 17, subject to Bankruptcy Court approval, receipt of various permits and other customary closing conditions.Pursuant to the bid procedures that authorized the auction, the bidder that finished second in the process is bound to keep its back-up offer open for a period not to exceed the earlier of the closing of the winning bid at auction or a certain number of days. A copy of the asset purchase agreement governing the sale of the Hollister assets will be filed at www.sedar.com.
Great Basin Gold Limited's Nevada Subsidiaries File Chapter 11 Bankruptcy Proceedings in United States
CNW Group - Mon Feb 25, 6:45PM CST
Rodeo Creek Gold Inc. owner of the Hollister Trial-Mine to seek to sell Operations
Great Basin Gold Limited Announces Appointment of Receiver; Concurrent Resignation of All Directors and Officers
Marketwire Canada - Fri Jun 28, 6:14PM CDT
Great Basin Gold Limited (the "Company") announces that FTI Consulting Canada Inc., of Suite 2010, 79 Wellington Street West, Toronto, Ontario, Canada, M5K 1G8 (www.fticonsulting.com) has been appointed receiver over the assets and undertaking of the Company effective today. The Receiver was appointed by order of the British Columbia Supreme Court issued today (Vancouver Registry No S-134749) which also terminated the Companies Creditor Arrangement Act (CCAA) proceedings involving the Company which have been ongoing since September, 2012. Consequent upon the appointment of the Receiver, all directors and officers of the Company and its subsidiaries have resigned effective immediately.
Great Basin Gold Limited Insolvency Update
PR Newswire - Wed May 22, 4:48PM CDT
Great Basin Gold Limited (the "Company") announcesthat further to its news release of April 29, 2013 the sale of its Nevada assets and operations including the Hollister trial mine and Esmeralda millhas completed substantially on the terms disclosed in that news release except that the term of the net profits royalty may be terminated after five years in certain events.
Waterton Global Announces Successful Completion of Acquisition of Hollister Gold Mine and Esmeralda Mill in Nevada
Business Wire - Wed May 22, 7:00AM CDT
Waterton Global Resource Management, Inc., ("Waterton Global") is pleased to announce the successful completion of the purchase of the Hollister gold mine and Esmeralda Mill in Nevada.
Great Basin Gold Limited Updates Insolvency Proceedings
PR Newswire - Mon Apr 29, 6:41PM CDT
Great Basin Gold Limited (the "Company") announces that its Hollister trial mining assets, mineral claims and ore processing operations in Nevada have been tentatively disposed of in an auction conducted pursuant to US Chapter 11 proceedings. The proceeds of Hollister sale were US$15 million plus a 15% net profits royalty payable to the bankrupt US subsidiaries' estate to a maximum of $90 million over an up to nine year period. The tentative terms of sale of Hollister remain subject to negotiation of definitive closing documentation and the approval of the US Bankruptcy Court which will hear the matter May 2, 2013. Completion of the sale has been tentatively set for not later than May 17, subject to Bankruptcy Court approval, receipt of various permits and other customary closing conditions.Pursuant to the bid procedures that authorized the auction, the bidder that finished second in the process is bound to keep its back-up offer open for a period not to exceed the earlier of the closing of the winning bid at auction or a certain number of days. A copy of the asset purchase agreement governing the sale of the Hollister assets will be filed at www.sedar.com.
Great Basin Gold Limited's Nevada Subsidiaries File Chapter 11 Bankruptcy Proceedings in United States
CNW Group - Mon Feb 25, 6:45PM CST
Rodeo Creek Gold Inc. owner of the Hollister Trial-Mine to seek to sell Operations
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