GUYANA PRECIOUS METALS INC. SIGNS AGREEMENT TO ACQUIRE DPG RESOURCES INC.

TORONTO, 27 May 2013 /CNW/ – Guyana Precious Metals Inc. (TSX-V:GPM) (the “Company” or “GPM”)

Mr. John Sheridan reports

GUYANA PRECIOUS METALS INC. SIGNS AGREEMENT TO ACQUIRE DPG RESOURCES INC.

Guyana Precious Metals Inc. has entered into a binding letter agreement dated May 24, 2013, for the acquisition of 100 per cent of the common shares of DPG Resources Inc., a company incorporated under the laws of the province of Ontario. The terms of the letter agreement require the completion of certain conditions precedent to the acquisition, including among other things, satisfactory due diligence, execution of a definitive agreement, and receipt of all necessary regulatory and shareholder approvals.

Upon closing of the Acquisition, (i) each common share of DPG outstanding shall be exchanged for one common share of GPM and one common share purchase warrant of GPM (each, a “Warrant”); and (ii) there will be no convertible securities of DPG outstanding. Each Warrant shall entitle the holder thereof to acquire one additional common share of GPM at an exercise price of $0.10 for a period of two years from the date of issuance thereof. DPG has no convertible securities outstanding. Based on the number of securities of GPM and DPG currently outstanding, immediately following the closing of the Acquisition, it is anticipated that (i) there will be approximately 110,514,513 common shares of GPM outstanding on a non-diluted basis, or which former shareholders of DPG will own approximately 18,700,000 such common shares (or approximately 16.9% of the outstanding shares of the resulting issuer) and the current shareholders of GPM will own approximately 91,814,513 common shares (or 83.1% of the outstanding shares of the resulting issuer); and (ii) there will be approximately 62,425,000 convertible securities of GPM outstanding, inclusive of the Warrants.

Following the Acquisition, Peter Mullens, the President of DPG, will remain in that capacity and will continue to seek out acquisitions of mineral exploration properties. There will be no change to the board of directors or the management of GPM as a result of the Acquisition.

There are currently no shareholders of DPG who own 20% or more of all of the issued and outstanding common shares of DPG. There are no current non-arm’s length parties of GPM who are insiders of DPG or presently hold any direct or indirect beneficial interest in either DPG or any of its assets, other than Dan Noone and Patrick Sheridan. Dan Noone is a director of each of DPG and GPM, and holds an aggregate of 2,000,000 common shares of DPG (representing approximately 10.7% of all issued and outstanding common shares of DPG as of the date of this release) and 665,000 common shares and 825,000 convertible securities of GPM (representing less than 1% of all issued and outstanding common shares of GPM on a non-diluted basis, as of the date of this release). Patrick Sheridan is a director and officer of GPM, and holds an aggregate of 1,000,000 common shares of DPG (representing approximately 5.3% of all issued and outstanding common shares of DPG as of the date of this release) and 18,090,250 common shares and 8,700,000 convertible securities of GPM (representing approximately 19.7% of all issued and outstanding common shares of GPM on a non-diluted basis, as of the date of this release). Prior to signing the Letter Agreement, GPM formed a special committee of independent directors to review, consider and approve the Acquisition. The Acquisition is not a “related party transaction” within the meaning of Multilateral Instrument 61-101 or TSX Venture Exchange Policy 5.9, as a the time the Acquisition was agreed to, DPG and GPM were not “related parties” within the meaning of such instruments.

About DPG Resources Inc.

DPG was incorporated on June 16, 2009, and is an Ontario-based private company engaged in the conduct of research and negotiations for the acquisition of properties which are prospective for mineral resources. As of the date hereof, DPG has cash on hand of approximately Cdn$820,000 (unaudited), and no material debts or obligations.

 

About GPM

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

For further information contact:

Guyana Precious Metals Inc.

Suite 1205

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan

Tel: (416) 368-0705

Fax: (416) 628-6835

E-mail: info@gpmgold.com

Forward Looking Statements

Completion of the Acquisition is subject to a number of conditions, including TSX Venture Exchange acceptance and the receipt of all applicable shareholder approvals. The Acquisition cannot close until the required shareholder and regulatory approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular, if applicable, to be prepared in connection with the Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of GPM should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents of this press release.

All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential acquisitions, completion of the Acquisition and future plans and objectives of GPM are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the GPM’s expectations are exploration risks detailed herein and from time to time in the filings made by GPM with securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Guyana Precious Metals Inc. to Amend Terms of Warrants

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.

Guyana Precious Metals Inc. to Amend, Extend Terms of 2010-1 Warrants

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

 

TORONTO, Nov. 26, 2012 /CNW/ – 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.

 

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.

 

SOURCE: Guyana Precious Metals Inc.

For further information:

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

Guyana Precious Metals Exploration Update

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

Guyana Precious Metals announces grant of stock options

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

Guyana Precious Metals announces the grant of stock options

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) 864-6332

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

Guyana Precious 4,666,668-share private placement

Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 28, 2012.

Number of shares: 4,666,668 shares
Purchase price: 7.5 cents per share
Number of placees: Five placees
Pro groups: Roger Poirier, 1,333,334; Darren Wallace, 966,667

Guyana Precious completes $350,000 private placement

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.

Guyana Precious arranges $350,000 private placement

Mr. John Patrick Sheridan reports

GUYANA PRECIOUS METALS ANNOUNCES $350,000 PRIVATE PLACEMENT

Guyana Precious Metals Inc. has arranged a non-brokered private placement of up to 4,666,667 common shares at a price of 7.5 cents per share for gross proceeds of up to approximately $350,000.

Insiders of Guyana, and their affiliates, are expected to subscribe for up to 666,667 of the shares being distributed under the placement.

Guyana intends to use the net proceeds of the placement for the acquisition, exploration and development of properties in the Guiana shield, South America, and for general working purposes. The placement remains subject to the approval of the TSX Venture Exchange.

Guyana Precious Metals Appoints Mr. Paul Murphy as Chief Financial Officer

Guyana Precious Metals Appoints Mr. Paul Murphy as Chief Financial Officer

TORONTO, August 22, 2012 – Guyana Precious Metals Inc. (TSX.V:GPM) (“Guyana” or the Company”) is pleased to announce the appointment of Paul J. Murphy, B.Comm, CA, as the new Chief Financial Officer (CFO). Mr. 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.”

Mr. Carmelo Marrelli has resigned as CFO effective immediately. The Company wishes to thank Mr. Carmelo 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 CFO and Executive Vice President, Finance of Guyana Goldfields Inc. (TSX.GUY). Additionally he currently serves as a Director of Alamos Gold Inc (TSX: AGI), Continental Gold Limited (TSX:CNL) and Century Mines Corporation (TSX:FER).

Mr. Paul 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 August 22, 2012 an aggregate of 1,000,000 options to an officer of the Company with such options being exercisable until August 22, 2015 at an exercise price of $0.10. 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; 2 of the 4 historical past gold producers in Guyana. GPM maintains an interest in acquiring additional key exploration and development properties in the country of Guyana.
www.gpmgold.com

For further information please contact:

Guyana Precious Metals Inc.
Suite 1205
141 Adelaide Street West
Toronto, Ontario M5H 3L5
Attn: John Patrick Sheridan
Tel: (416) 628-5936
Fax: (416) 628-6835
E-mail: psheridan@gpmgold.com
Website: www.gpmgold.com

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, 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 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 forwardlooking statements.