Great Basin Gold closes US$86 million bought deal offering of common shares

On February 23, 2011, Great Basin Gold Ltd. announced that it had closed its previously announced bought deal offering of common shares with a syndicate of underwriters led by RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc. and Raymond James Ltd. The underwriters exercised their over-allotment option, resulting in aggregate gross proceeds of approximately $86 million.The underwriters were advised by Fasken Martineau with a team led by Lata Casciano and that included, among others, Amanda MacAdams (securities), Josh Lewis (mining), Johanna Fipke (mining), Dimitri Cavvadas (mining and securities), Ronald Nobrega (tax) and articling student Barinder Sidhu.