Great Basin funds work on Ivanhoe

Junior Great Basin Gold (GBG-V) has arranged, with Exploration Capital Partners, a private placement of 666,667 units priced at $1.50 each, for gross proceeds of $1 million.

A unit will consist of one share, and one warrant entitling the purchase of an additional share at $1.50 over a period of one year. A 6% commission is payable to Global Resource Investment on closing.

Proceeds will be used to fund ongoing exploration at Great Basin’s Ivanhoe gold property in Nevada.