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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
Bullboard Posts
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Post by red911on Aug 05, 2013 8:12am
378 Views
Post# 21649831

Shareholders Group...

Shareholders Group...
OK... So a group of shareholders submitted an application to appoint a receiver re: GGN just before GGN coincidentially finally decided to file their own Ch. 11 petition.  That would seem to indicate there are shareholders organized and interested in the future of GGN equity.  It would also seem to be a good sign they are actual shareholders and would, therefore, likely be interested in protecting shareholders rights here going forward.  Why has the Board (all 2 of them who hold little to no shares) not resigned?  They just 'directed' this company into Ch. 11 after a year and a half of ??... not even sure what to call it anymore.  Point is... what have either of them done for shareholders?  Can shareholders request a recount of the last AGM ballots? 

On another note... I see there has been a 'settlement conference' for Aug 26 2013 added to this docket... GGN vs. Gold Canyon... the company contracted to build Borealis since 2011... shareholders never did hear company address this legal action... regardless now there is a settlement conference date set... interesting...

https://www.washoecourts.com/print_casedesc.cfm?case_id=CV13-00199
Bullboard Posts
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