| GOLD BULLION ENTERS INTO LOI WITH TAKARA RESOURCES INC. TO SPIN OUT CASTLE SILVER MINES INC. | |
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GOLD BULLION ENTERS INTO LOI WITH TAKARA RESOURCES INC. TO SPIN OUT CASTLE SILVER MINES INC.
03-12-2015
March 11, 2015 - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce that it has signed a Letter of Intent ("LOI") with Takara Resources Inc. (TSX.V: TKK) aimed at unlocking the value of the assets held by Gold Bullion's wholly-owned subsidiary, Castle Silver Mines Inc. ("CSM"). These assets feature the 3,300-hectare Castle Silver Mine Property, a past producer located near the northern Ontario community of Gowganda and 85 km northwest of the historic Cobalt silver mining camp.
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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. |