Castle Silver Mines Inc. files final prospectus for initial public offering and “spin-out” to shareholders of Gold Bullion Development Corp.

Gold Bullion Development Corp. (TSX-V: GBB; OTC: GBBFF) and Castle Silver Mines Inc., a wholly-owned subsidiary of Gold Bullion, announced today that Castle Silver Mines has filed a final prospectus with the securities commissions of each of the provinces of Canada in connection with an initial public offering by Castle Silver Mines, and a secondary offering to the shareholders of Gold Bullion of shares of Castle Silver Mines by way of dividend in kind.

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