News - Gold Bullion to extend warrant expiry by th
Mr. Frank Basa reports
GOLD BULLION RECEIVES APPROVAL TO WARRANT AMENDMENT
Gold Bullion Development Corp. has received approval from the TSX Venture Exchange to amend the terms of 4,713,693 share purchase warrants by extending the expiry date by three months from April 5, 2012, to July 5, 2012. All other terms and conditions remain constant.
The warrants form part of a private placement financing which closed on April 6, 2010, consisting of 18.7 million units issued at a purchase price of 21.5 cents per unit, with each unit consisting of one common share and one-half of a share purchase warrant, each whole warrant entitling the holder to purchase one additional common share at a purchase price of 30 cents per share on or before April 5, 2012. Of the original 9.35 million warrants, 4,636,307 warrants have been exercised.