Sorry folks on my last post I mentioned July 17th as the date the shares would be tradeable after the last pp.
It was brought to my attention(thanks) as per the news release below.
I misread the news release on March 16th, thedate GBB announced the PP and it was closed on April 8th as mentioned below.
So folks be prepared for news on the beginning of the next round of assays....anytime....!!!!!
Corporate Address:
1868 King George Highway, South Surrey, BC, V4A 5A1
Phone: 604-306-8854 Fax 604-535-4454
NEWS RELEASE
PRIVATE PLACEMENT CLOSES INVESTOR RELATIONS CONSULTANTS RETAINED STOCK OPTONS GRANTED
April 8, 2010 - Gold Bullion Development Corp. (the "Company" or "Gold Bullion", TSX.V: GBB) is pleased to announce that it has closed the non-brokered private placement announced on March 16, 2010, as amended March 26, 2010, by the issuance of 18,700,000 units at a price of $0.215 per unit to raise gross proceeds of $4,020,500. Each unit consists of one common share in the capital of the Company and one-half of a transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional common share in the capital of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.
In connection with certain subscriptions of the private placement, the Company paid cash finders’ fees to arm’s length parties in an aggregate amount of $359,319.43, representing 10% of the gross proceeds raised through them in the private placement. In addition, the Company issued an aggregate of 1,056,356 non-transferable broker warrants to Allyson Taylor Partners, RWS Capital Services, Jordan Capital Markets Inc., and MacDougall, MacDougall & Mactier Inc. Each broker warrant entitles the holder to purchase one common share of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.
All securities issued by the Company pursuant to the private placement are subject to a hold period of four months and one day and cannot be resold until August 7, 2010.
Proceeds of the private placement will be used for the development of the Company’s Granada Gold Mine.
