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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 Apr 19, 2012 3:26pm
193 Views
Post# 19813753

Waterton...

Waterton...

Waterton... now has the right to own 8% of outstanding GGN shares... if exercised the 15.5M warrants will yield GGN ~$2.5M... if Acumen warrants get exercised that's another 8% ownership and another $2.5M... $5M from just the warrants alone goes a long way on this debt... fully-diluted we still only have about 225M shares out... but now we have some big support... the 30M warrants we had to issue to get over the production issues are a small price to pay and are all likely going to very strong hands and will give the company even more cash in the short-term... win-win-win.  What's not to like?

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities