VANCOUVER, July 25, 2012 /CNW/ - Guyana Frontier Mining Corp. ("Guyana
Frontier") is pleased to announce it is amending the terms of share
purchase warrants (the "Warrants") issued by way of a private placement
closed (the "Private Placement") on August 4, 2012 (see Guyana Frontier
news release dated August 5, 2011). The Private Placement was closed in
two tranches, with an aggregate of 3,611,981 of the Warrants to expire
on July 29, 2012 (the "July 29 Warrants") and an aggregate of 1,798,681
of the Warrants to expire on August 4, 2012 (the "August 4 Warrants").
Guyana Frontier is extending the term of the July 29 Warrants for a
period of one year to July 29, 2013 and extending the term of the
August 4 Warrants for a period of one year to August 4, 2013, and is
reducing the exercise price of the July 29 Warrants and the August 4
Warrants to $0.15 per common share.
Pursuant to the provisions of TSX Venture Exchange (the "Exchange")
Policy 4.1, the July 29 Warrants and the August 4 Warrants will be
subject to an early expiry provision under which the remaining exercise
period of the July 29 Warrants and the August 4 Warrants will be
reduced to 30 days if, for any 10 consecutive trading days, the closing
price of the Company's common shares on the Exchange exceeds $0.19.
Guyana Frontier received Exchange acceptance of the filing on July 24,
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.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements that are based on
the Guyana Frontier''s current expectations and estimates.
Forward-looking statements are frequently characterized by words such
as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate", "suggest", "indicate" and other similar words or statements
that certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the Guyana Frontier''s plans
with respect to the closing of further tranches of the Private
Placement and the total proceeds to be raised in the Private Placement.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or
results to differ materially from estimated or anticipated events or
results implied or expressed in such forward-looking statements,
including the future state of the financial markets and other economic
factors. Any forward-looking statement speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Guyana Frontier disclaims any intent or obligation
to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Forward-looking
statements are not guarantees of future performance and accordingly
undue reliance should not be put on such statements due to the inherent
SOURCE: Guyana Frontier Mining Corp.
For further information:
about Guyana Frontier, please visit our website at www.guyanafrontier.com or contact Warren Stanyer, President and CEO, at (604) 558-0077.