Guyana Precious Metals Inc. to Amend Terms of 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.
