Great Basin Gold will voluntarily delist common stock from NYSE MKT

By Caroline Salls

Pittsburgh, Jan. 17 - Great Basin Gold Ltd. plans to file a form 25 with the Securities and Exchange Commission on Jan. 25 to voluntarily delist its common stock from NYSE MKT, according to a news release.

The delisting is expected to take effect on Feb. 4.

Great Basin said it has not arranged for listing and/or registration of its common shares on another national securities exchange or for quotation of the shares in a quotation medium.

According to the release, the company's management believes it is not possible for Great Basin to maintain a plan of compliance that would satisfy NYSE MKT continued listing requirements in light of its current financial circumstances.

Great Basin Gold, based in Vancouver, B.C., explores and develops gold properties.

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