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GBG - Great Basin Gold - Dealings In Securities By The Company Secretary

Release Date: 07/01/2011 09:32
Code(s): GBG
Wrap Text

GBG - Great Basin Gold - Dealings In Securities By The Company Secretary GREAT BASIN GOLD LIMITED (Incorporated in Canada and registered as an External Company in South Africa) (Registration No. 2006/021304/10) Share Code: GBG ISIN Number: CA3901241057 ("Great Basin" or "the Company") DEALINGS IN SECURITIES BY THE COMPANY SECRETARY In compliance with rule 3.63 to 3.74 of the Listing Requirements, the following information is disclosed: Company Secretary: Willem Johannes Petrus Beckmann Company: Great Basin Gold Ltd Date of Transaction: 5 January 2011 Class of Security: Ordinary shares Nature of transaction: Exercise of share options Number of shares : 113,320 Price per option granted: CAD $1.25. Price per share Gross CAD $2.70 Total value: CAD$ 306,417.16@ exchange rate of 1: 6.68 = ZAR 2,046,866.63 gross
Vesting period: Expiring 11 February 2011 Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance As per Great Basin Gold Governance Manual: "No officer or director of the Company shall buy or sell equity securities of the Company during the period that begins on
the earlier of (a) the first day of the month in which annual or quarterly financial results are to be released to the public or (b) the date on which the
draft financial statements and/or management`s discussion and analysis are first delivered to the Company`s CFO, and ends one trading day after the public
release of quarterly and annual financial results of the Company. The CFO shall promptly notify the officers and directors if the date of delivery of the draft
financial statements and/or management`s discussion and analysis precedes the first day of the month that would otherwise begin this blackout period".
The Company is not in a blackout period currently. 7 January 2011 Sponsor Nedbank Capital Date: 07/01/2011 09:32:09 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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