SYS-CON MEDIA Authors: Maxime Charlès, RealWire News Distribution, Gilad Parann-Nissany, Kevin Benedict, Archie Hendryx

News Feed Item

GDV Resources Inc. is Released from US$6,359,630 Potential Liability

TORONTO, ONTARIO -- (Marketwire) -- 01/11/13 -- GDV Resources Inc. (TSX VENTURE:GDV.H) (the "Company") is pleased to announce that it has been released from the guaranty agreement previously announced on April 25, 2012. The Company paid US$40,000 for the release of the guaranty which released the Company from a potential liability due to the guaranty of certain loans totaling US$6,359,630 that were payable by its former subsidiary Global Development Resources, Inc.

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.

Contacts:
GDV Resources Inc.
Mr. Chris Carmichael
CEO
(647) 352-4900

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.