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GDV.H Cardinal Capital Partners, Inc.

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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. Closes Private Placement and Announces Reactivation Plans

18/06/2013 9:30pm

Marketwired Canada


GDV Resources Inc. (TSX VENTURE:GDV.H) (the "Company") today announced that it
has received regulatory approval and has closed a $125,000 private placement of
common shares ("Shares") at a price of $0.05 per Share. As detailed in the June
4, 2013 press release, Chris Carmichael, Chief Executive Officer of the Company
subscribed for the 2,500,000 common shares of the Company. The Shares are
subject to a four-month hold period ending on October 18, 2013. The proceeds of
the financing will be used for general working capital purposes.


The Company also announces that it plans to apply for reactivation of its
merchant banking operations with the TSX Venture Exchange (the "TSXV"). The
Company has scheduled a special meeting of its shareholders for August 7, 2013
where the Company will seek approval for a name change and a change to its board
of directors. Subject to a financing, the Company's merchant banking operations
will primarily be to provide secured bridge loans or secured convertible loans
of up to $500,000 to micro-cap companies listed on the TSXV.


Completion of the reactivation 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 reactivation 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 reactivation, any information released or
received with respect to the reactivation 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 reactivation 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 Corporation
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 Corporation 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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