Here is the VSE notice dated 31 Dec
GREAT BASIN GOLD LTD.("GBG ")
[formerly: Pacific Sentinel Gold Corp.("PSG ")
Consolidated North Coast Industries Ltd.("KNH ")]
NOTICE TYPE: Amalgamation, Additional Performance Shares, Bonus Shares, Finders' Fee,
Property Transaction, Filing Statement
NOTICE DATE: December 31, 1997
Arrangement of Amalgamation
By Supreme Court Order dated December 29, 1997 and accepted by the Registrar of Companies on
December 31, 1997, Pacific Sentinel Gold Corp. and Consolidated North Coast Industries Ltd. have
merged on the following basis:
1. The holders of common shares of Pacific Sentinel Gold Corp. will be entitled to receive 1 common
share of the Merged Company for every common share held. Prior to the merger and delisting,
Pacific Sentinel Gold Corp. will consolidate its share capital on a 5 old for 1 new basis.
2. The holders of common shares of Consolidated North Coast Industries Ltd. will be entitled to receive
one common share of the Merged Company for every 1.6 shares held.
Effective at the opening, January 5, 1998, the common shares of Great Basin Gold Ltd. will be posted
and called for trading on the Vancouver Stock Exchange. The common shares of Pacific Sentinel
Gold Corp. and Consolidated North Coast Industries Ltd. will be delisted at the close of trading
December 31, 1997. The Company is classified as a `Advanced' company.
Post - Amalgamation
Capitalization: 100,000,000 common shares with no par value of which
12,877,421 common shares are issued and outstanding
Escrowed: 750,000 common shares
Section: 2
Transfer Agent: Montreal Trust Company of Canada
Trading Symbol: GBG (new)
CUSIP Number: 390124 10 5 (new)
For additional information on the Amalgamation, please refer to the joint information circular of
Consolidated North Coast Industries Ltd. and Pacific Sentinel Gold Corp. dated December 18, 1997.
Additional Performance Shares
In addition, the company issued 750,000 escrow shares to the following principals of Great Basin Gold
Ltd. pursuant to shareholders approval, December 18, 1997:
Name Number of Shares
Robert G. Hunter 161,000
Robert A. Dickinson 161,000
David J. Copeland 107,000
Scott D. Cousens 107,000
Jeffrey R. Mason 107,000
Ronald W. Thiessen 107,000
Property Transaction, Bonus Shares, Finders' Fee
The Vancouver Stock Exchange has accepted for filing an agreement dated August 13, 1997 between
Newmont Exploration Limited, Cornicopia Resources Ltd. and Consolidated North Coast Industries Ltd.
pursuant to which North Coast can earn a 75% interest in the Ivanhoe Property, Nevada. Consideration
is payment of US$1.0 million and exploration of US$2.8 million within 2 years. A finder's fee of 200,000
shares of Consolidated North Coast Industries Ltd. (125,000 shares of Great Basin Gold Ltd.) and interim
financing guarantees of 157,000 Bonus shares of Consolidated North Coast Ltd. (98,125 Great Basin
Shares Ltd.) are issuable.
Filing Statement
The Company has issued a Filing Statement which has not been accepted for filing by the Vancouver
Stock Exchange. The Exchange will issue a further notice upon acceptance. |
