Great Basin Unit Holder:

On August 25th the Unit (NASDAQ: GBSNU) will cease trading and will split into its components, the Series E Convertible Preferred Stock and the Series C warrant. After the breakup, for each Unit the holder will then receive in electronic form:

  • One Series E Convertible Preferred stock (convertible into four shares of common stock) and
  • Eight Series C warrants, each exercisable for one share of common stock

Series E Convertible Preferred Stock Conversion Instructions:

Shareholder is to send a letter to their broker or clearing firm(please check with broker or clearing firm for the appropriate form and instructions) instructing the broker or clearing firm to convert their Great Basin Convertible Preferred Series E Stock CUSIP 39013L304 into Great Basin Common Stock CUSIP 39013L306.

Broker will have the preferred stock converted into shares of common stock via DTC using SCL drawdown for the preferred stock and SCL deliver for the common stock. Form of the letter from the broker or clearing firm to AST can be found on our website at the following link:

AST Contact Information for brokers: Lucy Peeler & Yvonne Rivera,Email:; ,Phone: 718-921-8200.

Series C Warrant Exercise Instructions:

Cashless exercise

Shareholder is to submit the Warrant Exercise Request to their broker. The form can be found on our website at the following link: The broker will send the executed form along with the common share delivery instructions to the Company via email to .

The Company will confirm the receipt of the exercise request. If there are any issues with completing the exercise request, the broker will be notified at that time.

The broker should make the necessary arrangements with their back office to facilitate the DWAC withdrawal to AST of the warrants and the DWAC pick-up of the common shares from AST.

The Company will approve the transaction and authorize AST to execute the DWAC withdrawal of warrants and DWAC issuance of the common shares.

Great Basin Contact Information for Cashless Warrant Exercises:

  • For questions, please contact: George Ulrich at 801-990-1055 ext 120
  • Completed forms should be sent to:

Cash Exercise

Shareholder is to submit the Warrant Exercise Request form to their broker who will send form and required funds to Frank Ruggiero at form can be found on our website at the following link:

The broker will make the necessary arrangements with their back office to facilitate the delivery to AST of the warrants and the receipt of the common shares from AST via SCL.

Frank and/or Lucy Peeler will process the exercise and draw down of warrants to AST then deliver the common shares via SCL.

AST Contact Information for brokers:Frank Ruggiero, Email:, Phone 718-921-8200.