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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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Comment by red911on Jul 18, 2012 10:53am
118 Views
Post# 20125661

RE: RE: RE: Warrants...

RE: RE: RE: Warrants...

So it would appear these 'Selling Security Holders' are selling their warrants?  Who would buy these warrants unless they expect to exercise them?  If a single entity buys these warrants and exercises them it would represent purchasing a 7.6% stake (fully-diluted basis) in GGN for a weighted average price of
.186 per share... or just $3.5M... plus whatever the entity has to pay for the warrants of course.  Is this correct?   If so, are we being acquired?  Is this some sort of hostile attempt to gain control of shares?  First to admit I have never seen this before.  Interesting none the less.

Bullboard Posts
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