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 Apr 24, 2012 1:50pm

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Post# 19829631

Warrants...

Interesting... $9M in potential proceeds from oustanding warrants... $6M would require share price of just 21 cents. Remaining $3M would require share price of 30 cents and 40 cents. Woudl seem possible given most don't expire until Jan 2013 at the absolute earlist.

Huge portion of debt paid could be paid off from these proceeds alone... assuming all exercised of course.

red911

Warrants	Ex Price	Value	Exp Date	Note
732,215	.21	$153,765	16-Jun-12
3,250,000	.30	$975,000	21-Jan-13
4,725,000	.20	$945,000	27-Jan-13
3,359,250	.40	$1,343,700	22-May-13
2,226,500	.30	$667,950	13-Nov-13
14,062,500	.16	$2,250,000	19-Apr-15	Waterton (Bridge)
1,500,000	.19	$279,300	20-Mar-15	Waterton (Secured Debt)
15,000,000	.16	$2,460,000	20-Mar-15	Acumen (Noteholders)
TOTAL		$9,074,715