Great Basin to sell 26% stake to BEE group

February 21, 2007

Canada-based Great Basin Gold has signed an agreement to sell 26% of its equity to black-owned Tranter Gold (either directly or through a Newco, in which Tranter will hold at least 51%), for R260-million, the company said on Wednesday...

The shares would be paid for partly through Tranter capital funding of R70-million, and the balance of R190-million would be payable in cash.

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