DGAP-News: Gold Bar Development&Consulting Ltd.: Attempt of hostile take over failed
(firmenpresse) - DGAP-News: Gold Bar Development&Consulting Ltd. / Key word(s): Legal
Matter/Offer
Gold Bar Development&Consulting Ltd.: Attempt of hostile take over
failed
09.04.2013 / 10:39
---------------------------------------------------------------------
Attempt of hostile take over failed
Pembroke, Bermuda - 09 April, 2013 - Gold Bar Development&Consulting Ltd.
(the 'Company', 'Gold Bar'; Ticker: GOLD.BH) announces that with intensive
defense measurements in place, the management and majority shareholders of
the Company were able to fend off a hostile and fraudulent take over of the
Company.
Bryan Bardes, CFO Gold Bar Development&Consulting Ltd. stated: 'Due to
the current developments, we can not yet disclose all of the details
regarding the attempt to take over our company by an international finance
service provider. We can however, assure that there will be no sale of Gold
Bar Development&Consulting Ltd. and thus also no reverse merger.'
With immediate effect, the Company has in addition separated from its
financial advisor PRIMARY CAPITAL LTD., PEMBROKE, BERMUDA.
On a more positive note, the Company has had a very successful year mining
gold in Guyana, South America. Utilizing it's alluvial mining approach,
with a single crew of only 8 workers, the Company was able to extract and
sell over 300 ounces of gold, grossing over $500,000 in revenues. The
Company is in the process of getting its financial statements audited, and
will let investors know once these are complete.
Gold Bar Development&Consulting Ltd. intends to substantially expand it's
own mining activities in Guyana by purchasing additional equipment and
putting additional crews together. Gold Bar will also expand its consulting
services in 2013.
About Gold Bar Development&Consulting Ltd.:
Gold Bar's business strategy brings top-notch management and
organization?along with the most current mining technology deep into the
jungles of Guyana, South America, to some of the most mineral rich plots of
land on Earth. The Company's current focus is on alluvial gold mining
projects. Utilizing its alluvial mining approach, the?Company focuses on
the 3-foot layer of gold rich gravel, which lines thousands of acres
throughout the Cuyuni Region of Guyana anywhere from 3 to 20 feet below the
Earth's surface. Gold Bar combines the alluvial mining techniques it's team
has practiced?for the past couple of decades with the latest centrifuge
technology to increase efficiency and extract maximum gold per yard. The
Company then in turn sells this gold to the Guyana Gold Board.
The Company will allocate a portion of this cash flow generated by its
alluvial gold mining endeavors to an exploration program consisting of
surveying and diamond drilling in order to identify and develop underground
hard rock gold deposits.
Gold Bar also offers consulting services to other mining companies looking
to extend their reach into Guyana, as well as local Guyanese junior miners
looking to expand their current operations. By providing financial and
logistical assistance to local junior miners,?Gold Bar is able to enter
into joint ventures and share in their revenues. This enables the Company
to capitalize on mining camps already in operation and producing gold
(property&workers already secured) and significantly reduce the time
involved in?generating a return on investment.
Contact Company:
Gold Bar Development&Consulting Ltd.
Saratu Phillips
CEO of Gold Bar Development&Consulting Ltd.
Bryan Bardes
CFO of Gold Bar Development&Consulting Ltd.
Telefone: +1 855 419 4653
Address:
New Venture House
3 Mill Creek Road, 3rd Floor, Pembroke, Bermuda HM05
Internet: www.gold-bar-dev.com
End of Corporate News
---------------------------------------------------------------------
09.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
206433 09.04.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.04.2013 - 10:39 Uhr
Sprache: Deutsch
News-ID 247023
Anzahl Zeichen: 4244
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 216 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Gold Bar Development&Consulting Ltd.: Attempt of hostile take over failed"
steht unter der journalistisch-redaktionellen Verantwortung von
Gold Bar Development&Consulting Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
