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 Kiwi3on Feb 01, 2013 7:00pm

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Post# 20927397

RE: RE: jim said

If they entered into a transaction that cannot be completed and will result in further losses to the shareholders they are in deep do do.

They would have signed contractual terms misrepresenting their ability to perform. I do not think they would do that knowing what the consequences are. So far they have totally misrepresented the situation with no disclosure, leading to shareholder losses and in addition sold a controlling interest in their major asset without shareholder approval.

And oh who gets the loss carryforwards. The undisclosed asset. Did we get value for this or just give it away. Mr O' Neil you are an accountant so you cannot just say oops. Professional complaint time ? Maybe. Oh, Mr Kaiser is also an accountant.

There's that scurring around in the corner again.

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