GDV Resources Inc.

February 01, 2012 16:16 ET

GDV Resources Inc. Completes Private Placement

TORONTO, ONTARIO--(Marketwire - Feb. 1, 2012) - GDV Resources Inc. (TSX VENTURE:GDV.H) (the "Company") announces that it has completed a private placement financing for gross proceeds of $111,000. The Company has issued 2,220,000 common shares at a price of $0.05 per share. The Company plans to complete a second financing of 1,780,000 shares for additional gross proceeds of $89,000.

The Financing is subject to final approval from the TSX Venture Exchange. All common shares issued will be subject to a four-month hold period expiring June 1, 2012. The proceeds of the financing will be used 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. Chris Carmichael
    (416) 350-3775