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 red911on Aug 22, 2012 7:34pm

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Post# 20249457

Authorized Share Increase...

I was recently surprised to learn GGNs authorized share count was just 250M. Most companies have an unlimited authoriized share count. There is nothing abnormal about this request and there is nothing to suggest they will immediately issue any more shares, at least I hope not at these prices. Being at the cap on a fully-diluted basis going forward would seem a very risky proposition as it would severely limit GGNs ability to move on future financing opportunities in a timely fashion. It would also seem to be a deterant to attracting additional institutional interest. JMHO. I do not support more shares at these prices but I do support authorized share increase and hope (given production outlook) it will open the door to good things in the months ahead. >

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