ROUYN NORANDA, QC, Jan. 9, 2017 /CNW/ - Gold Bullion
Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (Frankfurt B6D) (the "Company" or "Gold
Bullion") announces that it plans to change its name to Granada
Gold Mine Inc. to align the Company's name with its main project,
the Granada Gold property near Rouyn-Noranda, Quebec.
Subject to TSX Venture Exchange approval the name change will be
effected on January 16, 2017 and will
trade under the new symbol "GGM".
The change of name from Gold Bullion Development Corp. to
Granada Gold Mine Inc. has been approved by the Company's board of
directors. The Company is not subdividing, consolidating or
otherwise altering its share capital in association with the name
change.
Investors are invited to meet management for an update on the
Company at exhibit booth 831 at the Vancouver Resource Investment
Conference January 22–23, 2017 at the Vancouver Convention Centre West and to a
presentation on January 23, 2017 at
2:40 pm in Workshop 3.
The Company also plans to launch a new corporate website in the
near future.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is developing the Granada Gold
Property near Rouyn-Noranda,
Quebec. The property includes the former Granada gold mine which produced more than
50,000 ounces of gold in the 1930s before a fire destroyed the
surface buildings. The highly prolific Cadillac Trend cuts through
the north part of the property. The Cadillac Trend has been the
source of more than 50 million ounces of gold produced in the past
century on a line running from Val-d'Or to Rouyn-Noranda.
The Company has obtained all necessary permits for the initial
mining phase known as the "Rolling Start" for which stripping has
already begun. Additional information is available at
www.goldbulliondevelopmentcorp.com.
"Frank J. Basa"
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward‐looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward‐looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Gold Bullion Development Corp.