Mr. Frank Basa reports
GOLD BULLION ISSUES SHARES FOR DEBT
Further to the news release dated May 25, 2016, Gold Bullion Development Corp. has now agreed to settle its debt obligations with creditors of the company in the amount of $71,795.03
payable by issuing 717,950 common shares in the capital of the company at a price of 10 cents 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.
We seek Safe Harbor.
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