GPM Metals (TSXV:GPM)
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TORONTO, July 25, 2011 /CNW/ --
TORONTO, July 25, 2011 /CNW/ - GUYANA PRECIOUS METALS INC. (TSX-V:GPM) ("GPM") announces that it has received TSX Venture Exchange approval for the
consolidation of the Company's issued and outstanding common shares ("Common Shares") on the basis of one new Common Share for every two Common Shares
presently issued and outstanding. GPM's Common Shares are expected to
begin trading on a consolidated basis on the TSX Venture Exchange on
Wednesday, July 27, 2011.
A new CUSIP number of 403533201 replaces GPM's old CUSIP number of
403533102 to distinguish between the pre and post-consolidated Common
Shares. GPM's name and trading symbol will remain unchanged.
Following the completion of the Common Share consolidation, the Company
will have approximately 87 million Common Shares issued and
outstanding.
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, Wellgreen Area, Yukon Territory, both
projects in Canada. The Company also controls and holds the Peters Mine
Property, Guyana and the Aremu Property, Guyana.
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/July2011/25/c7330.html
p bFor further information about GPM: /bbr/ Guyana Precious Metals Inc.br/ Suite 1205br/ 141 Adelaide Street Westbr/ Toronto, Ontario M5H 3L5br/ bAttn: John Patrick Sheridan /bbr/ bTel: (416) 628 5936 /bbr/ bFax: (416) 628 5935 /bbr/ bE-mail: /ba cr="true" href="mailto:psheridan@guygold.com"bpsheridan@guygold.com/b/a /p