VANCOUVER, Jan. 13, 2012 /CNW/ - Guyana Frontier Mining Corp. ("Guyana
Frontier") announces that, on January 6, 2012, it learned from a
Stockwatch story that Capital Street Group Investment Services
("Capital Street"), a North Vancouver-based consulting company, had
commenced an action seeking damages from it for an alleged breach of
contract. Guyana Frontier immediately requested a copy of the Notice
of Civil Claim (the "Claim") from Capital Street's counsel. Having
received a copy of the Claim on January 11, 2012, and having reviewed
same, Guyana Frontier intends to file a Response to Civil Claim and
vigorously defend the action.
Guyana Frontier is represented in the action by Shapray Cramer LLP.
About Guyana Frontier
Guyana Frontier is a public mineral exploration company listed on the
TSX Venture Exchange (TSX-V: GYG), and is focused on the exploration,
discovery and development of precious metals deposits located within
Guyana, South America. Guyana Frontier began acquiring interests in
Guyanese exploration properties in 2007, and now holds various rights
to obtain working interests in approximately 342,000 acres (138,400
hectares) of prospective lands. Guyana Frontier's goal is to develop a
significant gold resource at Marudi Mountain, and to explore its other
Guyanese projects using funding from exploration partners.
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 as defined in
applicable Canadian securities laws. Forward-looking statements are
based on a number of material factors and assumptions, including
factors and assumptions related to the progress and results of the
litigation described in this press release. .Forward-looking statements
involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future
results, prediction, projection, forecast, performance or achievements
expressed or implied by the forward-looking statements. Such factors
include, among others, the actions of other parties involved in the
litigation described in this press release. Although Guyana Frontier
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
SOURCE Guyana Frontier Mining Corp.
For further information:
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.