Gold Dynamics Corp (fka GLDN)

[Summitgains]

Gold Dynamics Cancels 50 Million Shares and Boosts Shareholder Value
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Gold Dynamics Corp (OTCBB:GLDN)
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1 Month : January 2012 to February 2012



Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) announces that their largest shareholder has agreed that the company will redeem and cancel a total of 50 million issued and outstanding shares.

The cancellation will effectively reduce Gold Dynamic's outstanding shares from 138,450,000 to 88,450,000, or a reduction of 36%. This move is intended to enhance the company's ability to complete an acquisition of a gold property which combined with the share cancellation should enhance shareholder value.

Gold Dynamic's Company President, Gary Kirk, commented: "I view this as a positive decision and the right thing to do. This move will increase the value of our remaining outstanding stock at this time and will benefit our current and future shareholders going forward while giving your management the flexibility to acquire the desired world class properties we seek."