CALGARY, ALBERTA--(Marketwired - May 30, 2014) - C.D.R. Development Inc. ("CDR") announced today that between December 30, 2013 and May 26, 2014 it acquired an additional 240,000 common shares ("Common Shares") in the capital Gulf & Pacific Equity Corp. ("Gulf") which increased their aggregate holdings of Gulf to 1,961,871 Common Shares, representing approximately 21.58% of the issued and outstanding Common Shares.