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

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Post by archimedes0070on Jan 21, 2011 11:14pm

253 Views

Post# 18010845

Broker Participation in the PP

If memory serves, Gryphon paid 6% finders fees on this PP. Given that they indicate in the NR that they only paid finders fees to registered brokers, the numbers suggest that most of this PP went through brokers.

6% * 1.3m = $78k

Gryphon paid $69,161 in finders fees.

$69,161/78,000 = 88.67% of the PP was sold through brokers and the remaining 11.33% was sold to private accredited investors.

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