Toronto, Ontario--(Newsfile Corp. - December 9, 2014) - Golden Bridge Development Corporation (TSXV: GBD) ("Golden Bridge" or the "Company"), a company listed on the TSX Venture Exchange (the "TSXV"), is pleased to announce a non-brokered private placement financing (the "Offering") consisting of up to 3,333,334 Common Shares (the "Shares") at a price of $0.30 per Share for gross proceeds to Golden Bridge of up to $1,000,000.
Cash fees equal to up to 8% of the aggregate gross proceeds raised under the Offering may be payable as finder's fees to certain individuals at arm's length to Golden Bridge at its discretion in connection with introducing subscribers to the Offering.
The net proceeds of the Offering will be used to fund Golden Bridge's mineral exploration programs and for general working capital purposes.
The Offering remains subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange.
About Golden Bridge
Golden Bridge is a corporation incorporated under the laws of the Province of Ontario and is engaged in mineral resource exploration and development in Canada. The Company is classified as a Tier 2 "Mineral Exploration" issuer company
listed on the TSXV.
READER ADVISORY
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Statements in this press release may contain forward-looking information. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking information in this press release includes statements with respect to the completion of, and the expected use of proceeds from, the Offering. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Golden Bridge. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and Golden Bridge does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.
ON BEHALF OF THE BOARD
"Charles Qin"
Charles Qin, Chief Executive Officer and Director
For further information:
Golden Bridge Development Corporation
Charles Qin,
Chief Executive Officer and Director
30 Wertheim Court,
Unit 9B,
Richmond Hill, Ontario, Canada
L4B 1B9
Telephone: (905) 604-2351
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
