| GOLD BULLION DEVELOPMENT ENTERS ASSIGNMENT AGREEMENT TO SELL BEAVER AND VIOLET PROPERTIES TO TAKARA RESOURCES INC. | |
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GOLD BULLION DEVELOPMENT ENTERS ASSIGNMENT AGREEMENT TO SELL BEAVER AND VIOLET PROPERTIES TO TAKARA RESOURCES INC.
10-16-2015
October 16, 2015 - Gold Bullion Development Corp. (TSX: V: GBB) (OTCPINK: GBBFF) (the 'Company' or 'Gold Bullion') announces it has entered into an assignment agreement dated October 8, 2015 (the 'Assignment Agreement') with Takara Resources Inc. (TSX.V: TKK) ('Takara'), granting Takara the right to acquire a 100% interest in the Beaver and Violet cobalt and silver properties located in the township of Coleman, in northeastern Ontario. Pursuant to the Assignment Agreement, Takara agrees to pay to Gold Bullion an aggregate of $75,000, consisting of $15,000 payable within ten days upon execution of the Assignment Agreement plus four equal installments of $15,000 on the first, second, third and fourth anniversary dates of the date of the Assignment Agreement.
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Gold Bullion Development Corp.
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EXPLORATION STAGE |
CODE : GBB.V |
ISIN : CA3805391065 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gold Bullion Dev. is a gold exploration company based in Canada. Gold Bullion Dev. holds various exploration projects in Canada. Its main exploration properties are CASTLE SILVER MINE and GRANADA in Canada. Gold Bullion Dev. is listed in Canada and in Germany. Its market capitalisation is CA$ 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. |