03:49 PM EST - Great Basin Gold Ltd. : announced that the Company and the syndicate of underwriters led by RBC Capital Markets have agreed to terminate the previously announced public offering. The Company and the Underwriters have entered into a new agreement with respect to a public offering, pursuant to which the Underwriters have agreed, on a bought deal basis, to buy 66,700,000 units of the Company at a price of $0.75 per Unit, for aggregate gross proceeds of approximately $50 million by way of a short form prospectus. Great Basin Gold Ltd.
shares T.GBG are trading down $0.04 at $0.71.
