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Gryphon Gold Corp GYPHQ

Metals & Mining Gold
Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.


GREY:GYPHQ - Post by User

Gryphon Gold Corp
Bullboard Posts
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Post by red911on Feb 24, 2012 5:56am
297 Views
Post# 19577944

Interim Financing...

Interim Financing...They confirmed they are 'exploring' interim financing arrangements. This should not be a big deal and would probably be a good thing as long as it is done respectfully given current share price. IMO one of the best and easiest options would be to renegotiate with noteholders of $4.47M debt financing. Increase it to $10M, reprice warrants and/or give them a few more warrants. Simple. Either that or do a rights offering but they really don't need that much cash right now. I do not want to see a standard dilutive equity issue here. I am sure they know this but we are on the verge or are cash flow positive... no more equity at these prices. Raising some additional funds now would allow them to put cash questions to rest... expand operations sooner... and start massive AGGRESSIVE DRILLING now.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities