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.