GGD Resources Inc.

July 12, 2007 11:46 ET

GGD Resources Inc. (Formerly Great Grandad Resources Limited): Press Release

TORONTO, ONTARIO--(Marketwire - July 12, 2007) - GGD Resources Inc. (the "Corporation") (formerly Great Grandad Resources Limited) is pleased to announce that at the annual and special shareholder meeting held on June 27, 2007, shareholders approved the following special business which became effective on July 4, 2007 pursuant to the filing of articles of amendment, as follows:

a) The consolidation of the issued and outstanding common shares
of the Corporation on the basis of one (1) post-consolidation common
share for every six point eight (6.8) pre-consolidation common shares
issued and outstanding. The consolidation will provide increased
flexibility in the capital structure of the Corporation and in any
future financing of the Corporation. The 6,155,068 issued and
outstanding pre-consolidation common shares now represent
905,158 post-consolidation common shares of the Corporation.

b) The change of name of the Corporation to GGD Resources Inc.

The Corporation does not currently have an undertaking. The management of the Corporation continues to search for new business opportunities. Success in identifying a suitable new business for the Corporation cannot be assured, and there are no opportunities which have been identified at the present time. Further announcements will be made on the status of this process.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • GGD Resources Inc.
    Dennis H. Peterson
    (416) 777-6772
    (416) 352-5693 (FAX)