Hunter-Dickinson-led
Private investors and accredited institutions will be offered an aggregate of 4.6 million units priced at $1.30 each. A unit will consist of one share and one warrant entitling the purchase of an additional share at $1.30 for a period of 12 months. The financing is expected to close by July 6, 1999.
A portion of the proceeds will be used to conduct drilling on Great Basin’s Ivanhoe gold project in Nevada’s Carlin trend.
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