November 20, 2009 (FinancialWire) Great Basin Gold Ltd. (AMEX: GBG) has closed a bought deal offering of senior unsecured convertible debentures with a syndicate of underwriters. The underwriters have exercised their over-allotment option resulting in aggregate gross proceeds of CDN$126.5 million.
The debentures will mature on November 30, 2014 and will accrue interest at the rate of 8% per annum payable on a semi-annual basis. At the holders option, the debentures may be converted into common shares of Great Basin Gold at any time up to the maturity date. The conversion price will be CDN$2.15 for each common share, subject to adjustment in certain circumstances.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
Ocwen Financial Underwriters Exercise Over-Allotment Option August 17, 2009 (FinancialWire) Ocwen Financial Corp. (NYSE: OCN) announced that the underwriters of its previously announced common stock offering exercised in full their over-allotment option on August... |
First Financial Underwriters Exercise Over-Allotment Option October 13, 2009 (FinancialWire) First Financial Holdings, Inc. (NASDAQ: FFCH), the holding company for First Federal Savings and Loan Association of Charleston, announced that the underwriters of its... |
GMX Resources Prices Stock, Notes Offerings October 26, 2009 (FinancialWire) GMX Resources Inc. (NASDAQ: GMXR) has priced a public offering of 6,950,000 shares of its common stock, which was previously announced at 5,750,000 shares, at $15.00... |
Washington Banking Announces Underwriters Exercise Of Over-Allotment Option December 1, 2009 (FinancialWire) Washington Banking Company (NASDAQ: WBCO), the holding company for Whidbey Island Bank, announced that the underwriters for the recently completed public offering of... |
Northern Oil Raises $59.3 Million From Common Share Sale November 5, 2009 (FinancialWire) Northern Oil and Gas, Inc. (AMEX: NOG) said it has closed on a direct offering of 6.5 million shares of its common stock at $9.12 per share, resulting in gross proceeds... |
Energy XXI Prices $271 Million In Concurrent Offerings December 11, 2009 (FinancialWire) Energy XXI (Bermuda) Ltd. (NASDAQ: EXXI) announced the pricing of its previously announced concurrent offerings of $171 million (90 million shares) of its common stock... |
