Gold Bullion Holds 2012 Annual General Meeting of Shareholders
Suite 1005, 1155 Rene Levesque Street West Montreal, Quebec H3B 2J2 Tel: 514-397-4000 / Fax: 514-397-4002
GOLD BULLION HOLDS 2012 ANNUAL GENERAL MEETING OF SHAREHOLDERS
April 18, 2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) announces that the 2012 Annual General and Special Meeting of Shareholders (the “Meeting”) was held on Thursday, April 12, 2012.
The following individuals were re-elected directors of the Company: Frank J. Basa, Roger Thomas, Jacques F. Monette and Ronald J. Goguen. Shareholders also approved the reappointment of Bratt Fremeth Star, S.E.N.C., as auditors of the Company. Continuation of the Company’s 10% rolling stock option plan and the adoption of a Shareholder Rights Plan were also ratified and approved.
Immediately after adjournment of the AGM, the Board of Directors re-appointed the following as officers of the Company:
Frank J. Basa: Chairman, President and Chief Executive Officer Thomas P. Devlin: Chief Financial Officer Roger Thomas: Secretary
The Board of Directors also appointed Annemette Jorgensen to the Board. Ms. Jorgensen has been with the Company since February 2010 in the role of Corporate Development. She brings a wealth of experience to the Board including mining media, public company corporate development, finance, public relations and investor relations.
Frank J. Basa, Jacques F. Monette and Ronald J. Goguen were appointed members of the Audit Committee for the ensuing year with Mr. Basa as Chairman.
The shareholder voting was overwhelmingly positive in support of the current management, continuation of the exploration program and the Company direction. Shareholders voted over 95% in favour, (with Management) across all voting categories. The last half of the AGM was spent fielding questions from shareholders on a number of relevant operational matters primarily with respect to the Granada property.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focused 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 the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 or Progressive Investor Relations (Canada) at (604) 689-2881 or via email: [email protected]
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. Forwardlooking 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.