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

Jan 11 2013 12:00AM

Marketwire

Tracker

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



Source: Marketwire


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