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TORONTO, March 2, 2013 /CNW/ - Golden Bridge Mining Corporation ("Golden Bridge" or the "Company") (TSX-V: GBM), a company listed on the TSX Venture Exchange, hereby announces that the Company has satisfied the terms of the Hébécourt Option Agreement for 2012. Specifically, Golden Bridge has completed and satisfied the obligations and commitments for the cash payment, exploration expenditures, and capital stock payment for the first year anniversary of the Option Agreement.
The Company is continuing with its corporate objective of the exploration and development of the Hébécourt Project in Québec, Canada.
Golden Bridge announces that Schwartz Levitsky Feldman LLP ("SLF") resigned as auditors of the Company, effective March 1, 2013, at the request of the Company. Effective March 1, 2013, Deloitte LLP ("Deloitte") has been appointed as the Company's successor auditors.
The resignation of SLF and the appointment of Deloitte have been approved by the Board of Directors of the Company.
There were no reservations in the SLF's reports for the two most recently completed fiscal years and there have been no reportable events (as such term is defined in National Instrument 51-102 - Continuous Disclosure Obligations) between the Company and SLF.
On March 1, 2013, the Company provided notice of termination of its investor relations agreement with Cutler McCarthy Inc. The Company appreciates the service provided by Cutler McCarthy Inc. in the past and expresses its gratitude for the firm's contributions to Golden Bridge.
About Golden Bridge
Golden Bridge, formerly a capital pool company named Greater China Capital Inc., was incorporated under the laws of the Province of Ontario and is engaged in mineral exploration on mineral claims known as the Hébécourt Project in the Province of Québec, Canada.
The Company is now classified as a Tier 2 "Mineral Exploration" issuer company listed on the TSX Venture Exchange.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Statements in this press release may contain forward-looking information. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking information in this press release includes terms and conditions of the qualifying transaction and associated transactions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Golden Bridge. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and Golden Bridge does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
ON BEHALF OF THE BOARD
Charles Qin, Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Golden Bridge Mining Corporation