Guyana Precious Metals Inc. to Amend Terms of Warrants

 

Toronto, Ontario November 26, 2012

 

. Guyana Precious Metals Inc. (TSX-V:GPM) (“GPM”)

announces that it will make an application to the TSX Venture Exchange (the “TSXV”) to amend the

terms of its Series 2010-I warrants in order to (i) extend the expiry date of such warrants to December 10,

2013; and (ii) amend the exercise price to $0.45 per share. An aggregate of 70,000,000 Series 2010-I

warrants were originally issued in December 2010 (prior to giving effect to the two-for-one share

consolidation of GPM on July 27, 2011), and are currently exercisable at $0.26 per share until 5:00 p.m.

(Toronto time) on December 10, 2012.

The warrant amendments have been approved by the board of directors of GPM. The warrant

amendments remain subject to TSXV approval.

About GPM

GPM is led by an experienced management team with demonstrable project generation and development

talents in Guyana. The Company is presently expanding the exploration and development of its Aremu

and Peters Mine gold properties; two of the four historical past gold producers in Guyana. GPM maintains

an interest in acquiring additional key mineral exploration and development properties in the country of

Guyana.

 

FOR ADDITIONAL INFORMATION CONTACT:

 

Guyana Precious Metals Inc.

Suite 1205

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan

Tel: (416) 864-6332

Fax: (416) 628-6835

E-mail: info@gpmgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements– Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Guyana, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

TORONTO, Oct. 31, 2012 /CNW/ – Guyana Precious Metals Inc. (TSX-V:GPM) (the “Company” or “GPM”)

Mr. John Patrick Sheridan reports details of the commencement of the Peters Mine Property exploration program.Company geologists and technicians are currently on site and the exploration program is underway.

The program is based on re-interpretation of data from the previous operator at the Mango Trend. Defined targets are being investigated with a sequence of 6 mechanized trenches of various lengths between 70m and 120m, and soil / rock sampling of the trenches.

The trenching and sampling is being carried out concurrently with surface mapping.

In anticipation of the exploration ramp up, a field camp has been established at the Peters Mine Main Shaft Area to facilitate ease of access to priority target areas.

The Peters Mine Property consists of 8,358 acres of highly prospective ground. It is located approximately 80km west of the town of Bartica, and approximately 140km southwest of Georgetown; the capital and largest city of Guyana. The site is accessible by an all-weather road from the town of Bartica.

Based on archival records, the Peters Mine produced 40,000 ounces of gold between 1905 and 1909 with head grades in excess of one ounce. Historical production has not been verified and should not be relied upon. The Main Shaft Area, the site of the former operation, is part of a regional structural trend (The Mango Trend ) which is more than 8km in length.

About Guyana Precious Metals

Guyana Precious Metals is led by an experienced management team with project generation and development experience in Guyana. The Company is presently expanding the exploration and development of its Aremu and Peters Mine Properties; two of the four significant past producing mines in Guyana. The Company maintains an interest in acquiring additional key exploration and development properties in the country of Guyana.

www.gpmgold.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Forward Looking Statements – Certain information set forth in this news release may contain forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Guyana Precious Metals Inc. including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking statements.

SOURCE: Guyana Precious Metals Inc.

For further information:

Guyana Precious Metals Inc.
1205-141 Adelaide Street West,
Toronto, ON. M5H-3L5
Tel: 416.368.0707
Fax: 416.628.6835
E-mail: info@gpmgold.com

Toronto, Ontario – October 12, 2012: Guyana Precious Metals Inc. (TSX-V: GPM)

(the “Company”) announces that it has granted effective October 12, 2012 an aggregate of

2,250,000 options to directors and employees of the Company with such options being exercisable until October 12, 2015 at an exercise price of $0.17. The options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.

 

About GPM

GPM is led by an experienced management team with demonstrable project generation and development talents in Guyana. The Company is presently expanding the exploration and development of its Aremu and Peters Mine Properties; two of the four historical past gold producers in Guyana. GPM maintains an interest in acquiring additional key exploration and development properties in the country of Guyana.

 

FOR ADDITIONAL INFORMATION CONTACT:

Guyana Precious Metals Inc.

Suite 1205

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan

Tel: (416) 368-0707

Fax: (416) 628-6835

E-mail: info@gpmgold.com

www.gpmgold.com

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for this release

Mr. John Patrick Sheridan reports

GUYANA PRECIOUS METALS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING TO RAISE $350,000

Guyana Precious Metals Inc. has closed its previously announced non-brokered private placement pursuant to which it has issued an aggregate of 4,666,668 common shares at a price of 7.5 cents per share, to raise aggregate gross proceeds of approximately $350,000.
All of the securities issued in connection with the offering are subject to a statutory hold period expiring on Jan. 14, 2013. The offering remains subject to the final approval of the TSX Venture Exchange.

We seek Safe Harbor.

Mr. John Patrick Sheridan reports
GUYANA PRECIOUS METALS APPOINTS MR. PAUL MURPHY AS CHIEF FINANCIAL OFFICER

Guyana Precious Metals Inc. is appointing Paul J. Murphy, BComm, CA, as the new chief financial officer. Patrick Sheridan, president and chief executive officer, states: “Guyana Precious Metals is pleased to welcome Mr. Murphy to the company. The addition of Mr. Murphy to our executive management team is a significant milestone in the corporate development of our company as we grow our team.”

Carmelo Marrelli has resigned as chief financial officer effective immediately. The company wishes to thank Mr. Marrelli for his past services and commitment to the company.

Mr. Murphy has significant industry experience gained as a partner in PricewaterhouseCoopers LLP and the national mining leader in Canada as well as the leader for the Western Hemisphere Mining Centre of Excellence. He has worked almost exclusively in the resource industries for the past 30 years and has been a leader in industry-specific issues in areas of financial reporting and controls, governance, operational effectiveness, SEC reporting issues, financing, valuation, and taxation. Mr. Murphy is currently the chief financial officer and executive vice-president, finance, of Guyana Goldfields Inc. Additionally he currently serves as a director of Alamos Gold Inc., Continental Gold Ltd. and Century Mines Corp.

Mr. Murphy states, “The past decade, in particular, have been exciting and rewarding times in the mining industry and I am extremely pleased to join the executive team of Guyana Precious Metals dedicated to the exploration and development of its gold properties.”

The company also announces that it has granted effective Aug. 22, 2012, one million options to an officer of the company with such options being exercisable until Aug. 22, 2015, at an exercise price of 10 cents. The options vest as 25 per cent immediately and 25 per cent after six, 12 and 18 months from date of grant.

We seek Safe Harbor.