GDV Resources Inc.

July 15, 2011 16:00 ET

GDV Resources Inc. Arranges Loans

TORONTO, ONTARIO--(Marketwire - July 15, 2011) - 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.

Contact Information

  • GDV Resources Inc.
    Mr. Gordon Ewart
    (416) 488-7760