VANCOUVER,
March 9, 2012 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
"Company" or "Gold Bullion") is pleased to announce that it has
entered into an agreement with EuroSwiss Capital Partners
("EuroSwiss") of Switzerland
pursuant to which EuroSwiss will assist Gold Bullion with business
development, media awareness and investor relations activities in
Switzerland and other European
countries.
EuroSwiss is a Swiss-based global capital market
consulting and investor awareness firm that ensures results for
small- and mid-sized public companies in their shareholder
acquisition efforts in Europe.
Primarily targeting the German speaking market, EuroSwiss uses a
multifaceted approach to attract retail and institutional investor
interest to quality publicly traded companies. EuroSwiss offers a
complex range of unique services to effectively build and
continually strengthen shareholder bases of emerging-growth
companies. Included in the EuroSwiss service portfolio are:
cohesive and targeted shareholder awareness campaigns; research
coverage and distribution using proprietary formats and internal
data bases; and major media access for worthy events and client
progress.
The agreement with EuroSwiss is for an initial
six month period, subject to renewal at the mutual agreement of
both parties. Gold Bullion has the right to terminate the
agreement, upon 30 days' written notice. Under the agreement, Gold
Bullion will pay EuroSwiss Capital a fee of EURO 24,000 for the initial term of the
agreement. In addition, Gold Bullion has granted to EuroSwiss
Capital stock options to purchase 600,000 common shares exercisable
at a price of $0.15 per share for a
period of two years. The stock options are granted pursuant to the
Company's stock option plan and will vest in accordance with the
provisions therein and the policies of the TSX Venture Exchange,
which require that options granted to a consultant providing
investor relations services must vest in stages over 12 months with
no more than one-quarter of the options vesting in any three month
period.
The agreement is subject to approval by the TSX
Venture Exchange.
The Company also announces that it has granted
stock options to a consultant to purchase 200,000 common shares in
the capital of the Company, exercisable at a price of $0.15 per share for a period of five years,
subject to regulatory approval. The stock options are granted in
accordance with the Company's stock option plan and the policies of
the TSX Venture Exchange.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX
Venture-listed junior natural resource company focusing on the
exploration and development of its Granada Property near
Rouyn-Noranda, Québec.
Additional information on the company's Granada gold property is available by visiting
their website at www.GoldBullionDevelopmentCorp.com and on
SEDAR.com.
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.