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GBG - Great Basin Gold Limited - Dealings in securities by directors and company

Release Date: 31/03/2011 10:01
Code(s): GBG
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GBG - Great Basin Gold Limited - Dealings in securities by directors and 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 DIRECTORS AND COMPANY SECRETARY In compliance with rule 3.63 to 3.74 of the Listing Requirements, the following information is disclosed: Director: T. Barry Coughlan Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 100,000 Price per option granted: CAD $2.46. Total value: CAD246,000 @ ZAR7.00 = ZAR 1,722,000 Gross
Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors Director: Joshua C. Ngoma Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 100,000 Price per option granted: CAD $2.46. Total value: CAD246,000 @ ZAR7.00 = ZAR 1,722,000 Gross Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors
Director: H. Wayne Kirk Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 100,000 Price per option granted: CAD $2.46.
Total value: CAD246,000 @ ZAR7.00 = ZAR 1,722,000 Gross Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors Director: David M.S. Elliott Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 100,000 Price per option granted: CAD $2.46. Total value: CAD246,000 @ ZAR7.00 = ZAR 1,722,000 Gross Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors Director: Patrick R. Cooke Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 100,000 Price per option granted: CAD $2.46. Total value: CAD246,000 @ ZAR7.00 = ZAR 1,722,000 Gross
Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors Director: Ferdinand Dippenaar Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 650,000 Price per option granted: CAD $2.46. Total value: CAD1,599,000 @ ZAR7.00 = ZAR11,193,000 gross Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors
Director: Ronald W. Thiessen Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 125,000 Price per option granted: CAD $2.46.
Total value: CAD307500 @ ZAR7.00 = ZAR2,152,500 gross Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors Director: Gert J. Robbertze Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 100,000 Price per option granted: CAD $2.46. Total value: CAD246,000 @ ZAR7.00 = ZAR 1,722,000 gross Vesting period: Expiring February 8, 2016. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors Company Secretary: Willem Johannes Petrus Beckmann Company: Great Basin Gold Ltd Date of Transaction: 3 March 2011 Class of Security: Ordinary shares Nature of transaction: Issue of share options Number of share options: 300,000 Price per option granted: CAD $2.46. Total value: CAD738,000 @ ZAR7.00 = ZAR5,166,000 gross
Vesting period: Expiring 8 February 2014. Nature of Interest: Share options Market Intermediary: Issued in Canada Confirmation of Clearance Approved by the Compensation Committee and the Board of Directors 31 March 2011 Sponsor Nedbank Capital Date: 31/03/2011 10:01:41 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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