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Gold Bar Development & Consulting Ltd. Releases Audited 2013 Results
Hamilton, Bermuda – 20 November, 2014 – Gold Bar Development & Consulting Ltd (the “Company”; Ticker: GOLD.BH, Frankfurt Ticker: B7GN) announces the release of its 2013 audited financial results.
Some highlights from 2013:
· -Revenue from gold sales was $407K and cost of gold sales was $343K.
· -The Company recorded an impairment loss on The Cuyuni Project of $98M.
· -The Company received a 70% interest in The Kamarang Project valued at $42M.
Copies of the audited results will be sent to Shareholders. For further detail on Gold Bar’s financial results for the year-ended December 31, 2013 and the above listed projects refer to the audited financial statements posted on www.BSX.com
About Gold Bar Development & Consulting Ltd.:
Gold Bar Development & Consulting Ltd. is a Bermuda based Gold
Exploration & Consulting Company with significant holdings deep in the Gold Rich Jungles of Guyana, South America.
Guyana has one of the largest mineral deposits in the world. The Company currently concentrates on surface mining of a layer of approximately one meter. In order to maximize revenues, the Company combines the team's experience with the latest technologies. The extracted gold is sold to the Guyana Gold Board. The Company plans to utilize a portion of its profits on exploration work to determine the presence of gold that is embedded in rocks below the surface.
Gold Bar also offers consulting services to other mining companies that want to start business in Guyana or mining companies that want to expand their operations in Guyana. By supporting other mining companies financially and logistically, Gold Bar can enter into joint ventures and participate in revenues. The possibility to share resources enables Gold Bar to generate a short-term return-of-investment.
Company Contacts:
Saratu Phillips, CEO of Gold Bar Development & Consulting Ltd.
Bryan Bardes, CFO of Gold Bar Development & Consulting Ltd.
For further information on the Company, please contact investor relations: Info@GoldBarLtd.com or +1 855 419 GOLD (4653); or,
Bermuda Listing Sponsor:
Cohort Limited.
Mrs. Tracy Packwood Tel: (441) 295 2043
Email: info@cohort.bm