Great Basin Gold Trades on the New NYSE Alternext Exchange
December 17 2008 - 7:30AM
PR Newswire (US)
VANCOUVER, Dec. 17 /PRNewswire-FirstCall/ -- Great Basin Gold Ltd.
("Great Basin Gold" or the "Company") (TSX, NYSE Alternext, JSE:
GBG) announced today that it will be trading on the new NYSE
Alternext Exchange. With the acquisition of the American Exchange
(AMEX) by the NYSE, the ensuing merger has resulted in a new
exchange and trading platform. The new exchange will be known as
the NYSE Alternext. On December 1, 2008 all NYSE Alternext US
stocks began trading on the New York Stock Exchange's next
generation market model which is now located on the NYSE's trading
floor. In addition, the former AMEX specialists have joined the
NYSE Specialists, who are now called Designated Market Makers
(DMM), and are utilizing the new trading technology. It is
anticipated that there will be an increase in market share and
greater participation by the DMMs in Alternext stocks, just as it
was witnessed with NYSE Stocks. Furthermore, Great Basin Gold is
taking the opportunity to reestablish and update the trading symbol
used in the United States. To date, Great Basin Gold has been
identified in the American marketplace and on the AMEX with the
symbol of GBN. In order to simplify the process and facilitate
continuity across the board, the Company requested and was
allocated the symbol "GBG". This will create a uniform and
consistent basis for all investors worldwide. The Company currently
trades on the Toronto Stock Exchange (TSX) and the Johannesburg
Stock Exchange (JSE) as GBG. No regulatory authority has approved
or disapproved the information contained in this news release.
DATASOURCE: Great Basin Gold Ltd. CONTACT: on Great Basin Gold Ltd.
and its gold properties, please visit the Company's website at
http://www.grtbasin.com/ or contact Investor Services: Tsholo
Serunye in South Africa, 27 (0)11 301 1800; Michael Curlook in
North America, 1-888-633-9332; Barbara Cano at Breakstone Group in
the USA, (646) 452-2334
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