Business
Gold bullion Appoints Ronald Goguen Sr. to the Board of Directors
(via Thenewswire.ca) TheNewswire / May 25, 2016 - Gold Bullion Development Corp. (TSX: V...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Gold bullion Appoints Ronald Goguen Sr. to the Board of Directors(via Thenewswire.ca)\n\n \nTheNewswire / May 25, 2016 - Gold Bullion Development Corp. (TSX: V: GBB) (OTCPINK: GBBFF) (the \"Company\" or \"Gold Bullion\") is pleased to announce the appointment of Ronald Goguen, Sr. to the Company's Board of Directors.\n\n\n \n\n\n\n \nMr. Goguen is Chairman of Colibri Resource Corporation and President and CEO of ONTOP Capital Limited. Mr. Goguen has over 30 years of experience in the mining exploration industry, having purchased his first exploration drilling company, Ideal Drilling, in 1980, which he later combined with a second exploration drilling company to form Major Drilling Group International Inc., a major metals and minerals contract drilling service company listed on the Toronto Stock Exchange. Mr. Goguen served as President and Chief Executive Officer of Major Drilling Group International Inc. until 2000. Mr. Goguen has also been a member of the board of directors of Northeast Bank from 1990 to 2010. In 2006 Mr. Goguen was appointed Chairman of the board of directors of Beaver Brook Antimony Mine Inc., and remained so until commencement of production of the mine in early 2008. Beaver Brook is the largest antimony mine outside of China. In 1995, Mr. Goguen was named Atlantic Canada's Entrepreneur of the year as presented by Governor General of Canada.\n\n \n \nThe Company announces that it has also granted stock options to directors and consultants to purchase an aggregate of 1,400,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.105 per share. All stock options are granted in accordance with the terms of the Company's Stock Option Plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and one day from the date of grant.\n\n \n \nThe Company has agreed to settle its debt obligations with creditors of the of the Company in the amount of up to $81,416.41 payable by issuing up to 775,394 common shares in the capital of the Company at a price of $0.105 per common share. The shares issued pursuant to the debt settlement transaction will be subject to a four month and one day hold period. The shares for debt transaction remains subject to the acceptance from the TSX Venture Exchange.\n\n \n \nA...