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.

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Gryphon Gold Corp

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Comment by archimedes0070on Apr 29, 2011 10:49pm

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Post# 18510689

RE: RE: Rights

After my post I realised it might be bad form for GGN to do a rights offering given that they likely have signed engagement agreements with ROTH and Acumen. However, a small rights offering might make sense regardless, for the aforementioned reasons. The rights cum warrants upon exercise could massage the price higher, stabilise the shareholder base, etc. Then, the PO would soon follow. Also, there are likely SEC regulations, etc. that might prohibit a rights offering this close to a PO (many arcane rules to consider). In any case it was a thought.

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