Great Basin Gold to Raise $50 Million

Mining Weekly reported that Great Basin Gold (AMEX:GBG) announced a sweeter deal to raise funds for working capital.

As quoted in the market news:

Great Basin Gold said it had entered into an agreement with its underwriters, led by RBC Capital Markets, to buy 66.7-million shares at a price of C$0.75 per unit on a bought-deal basis.

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