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 03, 2013 5:19pm

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Post# 20931552

RE: An at large question

I would go with a 5 year convertible plus a NSR and a reset clause and take about 40% on conversion. That would cover about 20 million. I am not sure where the 35 million comes from. I would want the convertibles listed.

I would also insist on a new slate of directors and CEO. I would also require Mr O'Neil to stay on for two years as senior Vp and CFO at reduced compensation.

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