Early Warning press release: Patrick Sheridan increases shareholdings in Guyana Precious Metals Inc.

    




 TORONTO, Aug. 3, 2012 /CNW/ - Guyana Precious Metals Inc. (TSXV-GPM) ("GPM" or the "Company") is pleased to announce that Patrick Sheridan has acquired an additional  4,000,000 common shares of the Corporation (the "Common Shares") over the facilities of the TSX Venture Exchange at a price of $0.07  per common share.  The Common Shares acquired represent ownership and  control of approximately 4.6% 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% of the  issued and outstanding Common Shares as at the date hereof (or  approximately 28.7% calculated on a partially diluted basis, assuming  the exercise of the 9,700,000 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. 

 This press release is issued pursuant to National Instrument 62-103 - The Early Warning and Related Take-Over Bid and Insider Reporting Issues.  A report containing additional information with respect to the  foregoing matters will be filed with the Securities Commission in each  jurisdiction where the Company is a reporting issuer and can be  obtained through the Canadian System for Electronic Document Analysis  and Retrieval (SEDAR) at www.sedar.com. 

 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 

 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. 

Guyana Precious Metals Inc.


CONTACT:  Guyana Precious Metals Inc.Suite 1205141 Adelaide Street WestToronto, Ontario M5H 3L5Attn: John Patrick SheridanTel: [phone]Fax: [phone]E-mail: [e-mail] 


    

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