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Gold Stocks; Gold Bullion (TSX-V: GBB) Closes First Tranche of Private Placement

Posted, by investid on April 25th, 2012

VANCOUVER - April 25, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce that it has closed the first tranche of a non-brokered private placement announced on April 13, 2012, by the issuance of 8,133,227 units at a price of $0.15 per unit to raise gross proceeds of $1,219,984.05. Each unit consists of one flow-through common share in the capital of the Company and one-half of a non-transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional non-flow-through common share in the capital of the Company on or before April 23, 2013, at a purchase price of $0.175 per share.

Authored by, investid
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