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.

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Gryphon Gold Corp > Regulator Inaction...

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Comment by red911on Oct 10, 2015 6:14pm

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RE:RE:Regulator Inaction...

Gryphon initiates a lending/debt relationship with Waterton Global Value and 10 months later another agreement is signed with Waterton effectively wiping shareholders out entirely. No shareholder vote, no special meeting, nothing. Wouldn't you think a CEO would have resigned before doing such a deal to shareholders? Being ashamed to have allegedly run the company into the absolute ground in record time, 1 year to be precise? Waterton acquires entire property and doesn't even have to seize anything as Jan 2013 agreement effectively hands it to them. Are you kidding me? As a shareholder how does that make you feel about your confidence in Canadian markets? Retail are muppets.

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