GDV Resources Inc. Arranges Loans
July 15 2011 - 4:00PM
Marketwired
GDV Resources Inc. (TSX VENTURE: GDV.H) (the "Company") has amended
and extended the loan previously announced on April 4, 2011. The
Company has received an additional advance of $5,000 from the
spouse of Chairman Gordon Ewart, bringing the principal balance to
$37,000. The loan has been extended to January 14, 2012 and the
interest rate has been changed from 15% to 20% per annum. The
Company has entered into an additional loan agreement with Director
Alec Regis for $20,000. The loan is also due January 14, 2012 and
bears interest at 20% per annum. The Company will use the proceeds
of the loans for general working capital purposes.
Neither the 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.
Contacts: GDV Resources Inc. Mr. Gordon Ewart CEO (416)
488-7760
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