Global Development Resources, Inc. Appoints a New CFO and Director and Schedules a Shareholder Meeting
26 Outubro 2010 - 6:32PM
Marketwired
Global Development Resources, Inc. (TSX VENTURE: GDV.H) (the
"Company") announces that it has appointed Andrew Hilton to the
Board of Directors of the Company and as Chief Financial Officer of
the Company. Mr. Chris Carmichael has resigned from the Board of
Directors and as Chief Financial Officer of the Company.
The Company also announces that on November 24, 2010 at 10:00am
it will hold its annual general and special shareholders meeting
(the "Shareholder Meeting"). At the Shareholder Meeting the Company
is looking for shareholder approval to approve a three for one
consolidation of the common shares of the Company (the
"Consolidation") and approve the issuance of more than 100% of the
Company's current outstanding shares issued via a shares for debt
financing ($123,850 in total debt) at a $0.05 per common share
price (post Consolidation) and a common share private placement
financing of up to $200,000 at a price of $0.05 per common share
(post Consolidation). Further details can be found in the
information circular for the Shareholder Meeting which has been
mailed to shareholders and is available on SEDAR.
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: Global Development Resources, Inc. Mr. Andrew Hilton
CFO (416) 488-7760
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