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Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Assembly Holdings Limited | TSXV:GA | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.00 | 1.00 | 4.48 | 0 | 14:21:48 |
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Golconda Resources Ltd. (the "Corporation" or "Golconda") (TSX VENTURE:GA) is pleased to announce that further to its press release dated May 14, 2013 and subsequent TSX Venture Exchange approval, its wholly-owned subsidiary, Lyncorp Drilling Services Inc. ("Lyncorp Drilling") has successfully closed the sale of four hard-rock drilling rigs and related inventory and equipment to Lyncorp International Ltd. ("Lyncorp International") in consideration of Lyncorp International reducing the amount owed to it by Lyncorp Drilling by $750,000. The total indebtedness of Lyncorp Drilling to Lyncorp International as at December 31, 2012 and prior to giving effect to the Transaction was $3,192,773. Lyncorp International is controlled by David Mullen, a director of the Corporation. Together, David Mullen and Lyncorp International hold approximately 48.5% of the outstanding common shares of the Corporation. FOR FURTHER INFORMATION PLEASE CONTACT: Golconda Resources Ltd. David Orr (403) 539-4440 dorr@golconda.ca www.golcondaresources.com
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