GUYANA PRECIOUS METALS COMPLETES SHARE CONSOLIDATION
July 25 2011 - 2:24PM
PR Newswire (Canada)
TORONTO, July 25, 2011 /CNW/ -- TORONTO, July 25, 2011 /CNW/ -
GUYANA PRECIOUS METALS INC. (TSX-V:GPM) ("GPM") announces that it
has received TSX Venture Exchange approval for the consolidation of
the Company's issued and outstanding common shares ("Common
Shares") on the basis of one new Common Share for every two Common
Shares presently issued and outstanding. GPM's Common Shares
are expected to begin trading on a consolidated basis on the TSX
Venture Exchange on Wednesday, July 27, 2011. A new CUSIP number of
403533201 replaces GPM's old CUSIP number of 403533102 to
distinguish between the pre and post-consolidated Common
Shares. GPM's name and trading symbol will remain
unchanged. Following the completion of the Common Share
consolidation, the Company will have approximately 87 million
Common Shares issued and outstanding. About Guyana Precious Metals
Inc. GPM is a Canadian based exploration and development company.
GPM presently controls and holds the Coppermine River Project,
Nunavut Territory and the Rory Claims, Wellgreen Area, Yukon
Territory, both projects in Canada. The Company also controls and
holds the Peters Mine Property, Guyana and the Aremu Property,
Guyana. 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 GPM,
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 forward-looking statements.
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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/25/c7330.html p
bFor further information about GPM: /bbr/ Guyana Precious
Metals Inc.br/ Suite 1205br/ 141 Adelaide Street Westbr/ Toronto,
Ontario M5H 3L5br/ bAttn: John Patrick Sheridan /bbr/ bTel:
(416) 628 5936 /bbr/ bFax: (416) 628 5935 /bbr/
bE-mail: /ba cr="true"
href="mailto:psheridan@guygold.com"bpsheridan@guygold.com/b/a /p
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