UPDATE: Golden Band Resources At Fresh Year Lows As Provides Corporate Update

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Golden Band Resources Inc. (GBN.V), at year lows, announced that further to the news releases dated August 3, 2012 and February 26, 2013, the Second Tranche of the Term Debt Facility in the amount of $3.5 million has been advanced to the company. It also announces that it has terminated the position of Vice President, Operations in an effort to streamline operations. The company also reports that a legal claim has been issued againstit by Acer Capital Group Inc. of California with respect to outstanding advisory fees. "The claim in the amount of approximately $324,000 is currently under review by management who will determine an appropriate course of action. At this stage, it is not possible to provide an evaluation as to the outcome of the claim."



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This article appears in: Investing , Commodities

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