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SOURCE Golden Bridge Mining Corporation
/THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED
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
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
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.