Gold Bullion Raises $4.78 Million

Gold Bullion Development (OTC Other: GBBFF; TSX-V: GBB) has raised gross proceeds totalling $4.78 million, including a flow-through financing of approximately $4.36 million at $0.61 per share and a unit financing of approximately $0.43 million at $0.51 per share with a half-warrant at $0.69 for 12 months.

Proceeds from the flow-through financing will be used for exploration on its Granada Property near Rouyn-Noranda, Québec and proceeds from the issuance of units will be used for working capital.

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