TORONTO, ONTARIO -- (Marketwire) -- 12/13/12 -- GDV Resources Inc. (TSX VENTURE: GDV.H) (the "Company") announces that it has completed a private placement financing for gross proceeds of $50,000. The Company has issued 1,000,000 common shares at a price of $0.05 per share
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 April 13, 2013. The proceeds of the financing will be used for general working capital purposes.
Chris Carmichael individually and through 6330533 Canada Inc. owns 4,594,633 shares, representing in the aggregate approximately 65.0% of the issued and outstanding common shares of the Company. Chris Carmichael acquired the above-noted common shares of the Company for investment purposes and he may, depending on market and other conditions, increase his ownership, control or direction over the common shares or other securities of the Company, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
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.
GDV Resources Inc.
Mr. Chris Carmichael