Gold Bullion Grants Stock Options
Suite 1005, 1155 René Levesque St. W.
Montreal. Quebec H3B 2J2 Phone 514-397-4000 / Fax 514-397-4002
GOLD BULLION GRANTS STOCK OPTIONS
July 23, 2014 - Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (the “Company” or “Gold Bullion”) announces that it has granted stock options to its directors, officers, employees and consultants to purchase an aggregate of 5,500,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.05 per share. In addition the Company has granted stock options to EuroSwiss Capital Partners, Inc., a consultant who provides investor relations services to the Company, to purchase 300,000 common shares in the capital of the Company for a term of five years at an exercise price of $0.05 per share. These options will vest in stages over 12 months with no more than one-quarter of the options vesting in any three month period.
This will bring the total number of options outstanding to 23,255,000 with 2,505,687 remaining available for grant under the Plan. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and one day.
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, and its high grade Castle Silver Mine in Gowganda, Ontario. 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.
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.