GPM Metals (TSXV:GPM)
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TORONTO, July 7, 2011 /CNW/ --
TORONTO, July 7, 2011 /CNW/ - GUYANA PRECIOUS METALS INC. (TSX-V: GPM) ("GPM") announces that it has completed its previously announced acquisition of
Guyana Goldfields Inc.'s 100% interest in the Peters property and Aremu
property located in Guyana, South America and a US$15,000 bond for
US$2,415,000 paid in cash upon closing (the "Transaction").
For further details about the Transaction, see GPM's press release dated
April 26, 2011.
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, Yukon Territory. Both of these projects
are described as Copper-Nickel-Platinum-Palladium prospects.
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/July2011/07/c4165.html
p babout GPM: /bbr/ Guyana Precious Metals Inc.br/ Suite 1205br/ 141 Adelaide Street Westbr/ Toronto, Ontario M5H 3L5br/ Attn: John Patrick Sheridanbr/ Tel: (416) 628 5936br/ Fax: (416) 628 5935br/ E-mail: ua href="mailto:psheridan@guygold.com"psheridan@guygold.com/a/u /p