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GDV.H Cardinal Capital Partners, Inc.

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cardinal Capital Partners, Inc. TSXV:GDV.H TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

GDV Resources Inc. Changes Name, Approves New Slate of Directors and Completes Its First Bridge Loan

28/08/2013 2:30pm

Marketwired Canada


GDV Resources Inc. (NEX Board of the TSXV: GDV.H) (the "Company" or "Cardinal
Capital") today announced that it has changed its name to Cardinal Capital
Partners Inc. The ticker symbol for Cardinal Capital will be changed CCP.H,
subject to final approval from the TSXV.


New Slate of Directors

Cardinal Capital also announces that at its recent shareholder meeting, in
addition to Chris Carmichael, the Company's CEO, Jeff Lowe, Peter MacLean, Remo
DiFronzo and Denzil Solomon were nominated to the Board of Directors of the
Company.


Mr. Lowe has an MBA and is a Certified General Accountant. During the period of
2007 to 2013, Mr. Lowe was the CFO of the TSX Venture Exchange listed companies
Homeland Energy Group and Royal Coal Corp. From 2005 to 2006, Mr. Lowe was the
Treasurer at Centerra Gold Inc. From 2001 to 2005, Mr. Lowe was the Vice
President and Treasurer of Alderwoods Group Inc., (Loewen).


Mr. MacLean has an MBA and has been the President of YVentures, a
Vancouver-based corporation advisory firm, providing C-level management, growth
and fundraising services to pre-public and TSX-V microcap companies, since April
2000. Mr. MacLean was a Director of AM Gold Inc. from 2009 to 2010 and was a
Founder, Officer and Director of Abode Mortgage Corporation from 2004 to 2008.


Mr. DiFronzo has an MBA from the Ivey School of Business and has been a senior
account manager at HSBC Bank since 2011. Mr. DiFronzo was a regional sales
director at CIBC Asset Management from 2010 to 2011. Mr. DiFronzo was the Vice
President of Sales at ROI Capital from 2006 to 2010.


Mr. Solomon has been the Director of Sales at Book4Time since May 2013. Mr.
Solomon was Director of New Business Development at BPS Resolver from 2002 to
2012, a Governance, Risk Management, Compliance and Audit Business solution
organization.


Bridge Loan Transaction

Cardinal Capital also announces that it has completed its first secured bridge
loan transaction since 2009. The secured bridge loan was in the amount of
$100,000 of which $50,000 was syndicated. The three month bridge loan, which was
secured by real estate with a considerable loan to value ratio, had a 12%
interest rate and 4% in fees.


Graduation to Tier 2 of the TSXV Update

As detailed in a press release on June 18, 2012, Cardinal Capital plans to apply
for graduation to tier 2 of the TSXV. Completion of the graduation is subject to
a number of conditions, including but not limited to, TSXV acceptance and a debt
or equity financing. There can be no assurance that the graduation will be
completed as proposed or at all.


Investors are cautioned that, except as disclosed in the filing statement to be
prepared in connection with the graduation, any information released or received
with respect to the graduation may not be accurate or complete and should not be
relied upon. Trading in the securities of an inactive company listed on the NEX
Board of the TSX Venture Exchange should be considered highly speculative.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed graduation and has neither approved nor disapproved the contents of
this press release.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited
to, statements with respect to: the terms and conditions of the proposed
reactivation; use of funds; and the business and operations of the Company after
the proposed transaction. Forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other factors which may
cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such factors include,
but are not limited to: general business, economic, competitive, political and
social uncertainties; delay or failure to receive board, shareholder or
regulatory approvals. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
GDV Resources Inc.
Mr. Chris Carmichael
CEO
(647) 352-4900

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1 Year Cardinal Capital Partners, Inc. Chart

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1 Month Cardinal Capital Partners, Inc. Chart