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

Post by red911on Mar 14, 2013 8:14pm

119 Views

Post# 21132687

Original Senior Secured...

You know the original $15M senior secured facility principal payments of $1.25M per rmonth were not due until May 2013.

SCHEDULE 1.1(B) – MONTHLY REPAYMENT FIGURES

Month	Monthly Repayment Amount ($USD)
May 2013	1,250,000
June 2013	1,250,000
July 2013	1,250,000
August 2013	1,250,000
September 2013	1,250,000
October 2013	1,250,000
November 2013	1,250,000
December 2013	1,250,000
January 2014	1,250,000
February 2014	1,250,000
March 2014	1,250,000
April 2014	1,250,000

TOTAL	15,000,000