TORONTO, Nov. 8, 2011 /CNW/ - Guyana Precious Metals Inc. (TSX-V: GPM)
(the "Company") announces that it has granted effective November 7, 2011 an aggregate
of 1,550,000 options to a director and consultants of the Company with
such options being exercisable until November 7, 2016 at an exercise
price of $0.28.
About Guyana Precious Metals Inc.
GPM is a Canadian based exploration and development company. The
Company controls and holds the Peters Mine Property, Guyana and the
Aremu Property, Guyana. GPM also controls and holds the Coppermine
River Project, Nunavut Territory and the Rory Claims, Wellgreen Area,
Yukon Territory, both projects in Canada.
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.
SOURCE Guyana Precious Metals Inc.
For further information:
Guyana Precious Metals Inc.
141 Adelaide Street West
Toronto, Ontario M5H 3L5
Attn: John Patrick Sheridan
Tel: (416) 628-5936
Fax: (416) 628-6835