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 controlled.madnesson Aug 29, 2012 7:54am

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Post# 20273017

Thoughts

I basically see no problems with increasing the shares.

However I think the last financing deal seemed to give away to much.

We were held by out short and curlys and we are still screming. The number of warrents given was irresponsible because it assumed that the shareholders would OK the increase.

Basically I think the lender may be trying to force a firesale and then make all the profit.

Everybody seems to think Watertons are our friend. They are not

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