April 24, 2012 - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK:
GBBFF) (the "Company" or "Gold Bullion") is
pleased to announce that it has closed the first tranche of a
non-brokered private placement announced on April 13, 2012, by the
issuance of 8,133,227 units at a price of $0.15 per unit to raise
gross proceeds of $1,219,984.05. Each
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