UNDERWRITING AGREEMENTUnderwriting Agreement • April 13th, 2007 • Great Basin Gold LTD • Metal mining
BMO Nesbitt Burns Inc. (“BMO” or the “Lead Underwriter”), Desjardins Securities Inc., Pacific International Securities Inc. and RBC Dominion Securities Inc. (each, including BMO, an “Underwriter” and collectively the “Underwriters”) hereby severally, in respect of the percentages set forth in Section 7.1 of this Agreement, and not jointly, offer to purchase from Great Basin Gold Ltd. (the “Corporation”), upon and subject to the terms hereof, an aggregate of 50,000,000 units of the Corporation (each a “Unit” and, collectively, the “Units”) at a price of $2.60 per Unit (the “Offering Price”). Each Unit will consist of one common share of the Corporation (a “Unit Share” and, collectively, the “Unit Shares”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant” and, collectively, the “Warrants”) of the Corporation. Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share” and, collectively, the “Warrant S
