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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Comment by red911on Nov 13, 2012 9:51pm

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Post# 20596565

RE: RE: Prospectus...

If it is re: takeover buyer who wants 18M shares... the 3M warrants that expire in 2 months have an exercise price of 30 cents. That would imply someone is willing to pay a premium for these warrants plus exerxcise the warrants at 30 cents in the very near future. The premium would have to be worth it for the seller. So are we speculating someone may be willing to pay more than 30 cents to secure 18M shares? Would be great boost to have someone with deep pockets acquire such a block at such a premium. Something has got to give here sooner or later. Aren't they supposed to be producing gold? It's been so long since we have heard. Lol.>

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