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GOLD BULLION CLARIFIES SHAREHOLDER LOAN TERMS
09-09-2015
September 9, 2015 - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") wishes to clarify the terms of shareholder loans announced in its press release dated August 7th, 2015. The lenders' option to have the loans and/or interest be paid in gold may only be exercised on or after expiry of the initial three-year term. Should a lender exercise the demand option for repayment prior to the initial three-year term payment shall be in cash and not in gold even if the Company has commenced commercial production at that time. All other terms of the agreements remain unchanged.
Download the full press release document (PDF 100kb)
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Gold Bullion Development Corp.
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EXPLORATION STAGE |
CODE : GBB.V |
ISIN : CA3805391065 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gold Bullion Dev. is a gold exploration company based in Canada. Gold Bullion Dev. holds various exploration projects in Canada. Its main exploration properties are CASTLE SILVER MINE and GRANADA in Canada. Gold Bullion Dev. is listed in Canada and in Germany. Its market capitalisation is CA$ 29.1 millions as of today (US$ 22.1 millions, € 20.8 millions). Its stock quote reached its highest recent level on December 24, 2010 at CA$ 0.93, and its lowest recent point on October 09, 2015 at CA$ 0.02. Gold Bullion Dev. has 387 890 016 shares outstanding. |