Mr.John Patrick Sheridan reports
EARLY WARNING PRESS RELEASE: PATRICK SHERIDAN INCREASES SHAREHOLDINGS IN GUYANA PRECIOUS METALS INC.
Patrick Sheridan has acquired an additional four million common shares of Guyana Precious Metals Inc. over the facilities of the TSX Venture Exchange at a price of seven cents per common share. The common shares acquired represent ownership and control of approximately 4.6 per cent of the issued and outstanding common shares as at the date hereof.
Following the acquisition, Mr. Sheridan owns and controls an aggregate of 18,090,250 common shares representing approximately 20.75 per cent of the issued and outstanding common shares as at the date hereof (or approximately 28.7 per cent calculated on a partially diluted basis, assuming the exercise of the 9.7 million convertible securities held by him). The common shares were acquired in reliance on the private agreement exemption pursuant to Section 100.1 of the Securities Act (Ontario).
The purchase of the common shares by Mr. Sheridan was effected for investment purposes. Mr. Sheridan may from time to time acquire additional securities of the company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.