TORONTO, Jan. 22, 2013 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) (the "Company") is pleased to announce the appointment of Mr. David M. Beatty to its Board of Directors effective immediately.
Mr. Beatty has over 25 years of financial capital markets and resource management experience. Over the course of his career, David has been involved in raising over $20 billion of equity capital and executed mergers and acquisitions valued at over $10 billion.
David co-founded Westwind Partners Inc. in 2002; an investment bank acquired by Thomas Weisel Partners Canada in 2008, where he remained as Deputy Chairman, Investment Banking, until January 2010. David was formerly Head of the Mining & Minerals Group at First Marathon Securities, and a Partner and Head of the Mining Group at Gordon Capital Corporation. David co-founded Yamana Gold Inc. with Victor Bradley in 1994, and he advised on the acquisition of the Santa Elina properties in May 2003.
Mr. Beatty is currently Chairman of Rio Verde Minerals, a Brazilian potash and phosphate mine developer, Vice-Chairman of Vertichem Corporation, and is a Director of Aureus Mining Inc. Mr. Beatty is a Director of the Administration Board of Ontario Municipal Employees Retirement System (OMERS). Mr. Beatty served as Chief Executive Officer and Director for Rio Novo Gold Inc, a TSX-listed South American gold mine developer and explorer.
Mr. Beatty holds an MBA from Harvard Business School, an M.Phil. in International Affairs from Cambridge, and a B.Comm. degree from Queen's University.
Patrick Sheridan, CEO, states, "We are pleased to add Mr. Beatty to our Board and welcome his vast market knowledge and mining experience as we continue to advance the Aurora Gold Project."
About Guyana Goldfields Inc.
Guyana Goldfields Inc. is a Canadian based company, primarily focused on the exploration and development of gold deposits in Guyana, South America where the Company has operated since 1996. The Company is focused on bringing the Aurora Gold Project into production with infrastructure development currently underway. Active exploration continues at Aurora and at the Company's other deposit Sulphur Rose with the intention of further expanding these resources. Greenfields exploration by our experienced team of geologists is also ongoing in the broader Aranka group of properties.
As at the date hereof, the Company has approximately $33 million in cash and cash equivalent and no debt; there are approximately 95 million shares issued and outstanding.
SOURCE: Guyana Goldfields Inc.
For further information:
Guyana Goldfields Inc.
CEO and Director
Vice President, Corporate Communications
Tel: (416) 628-5936 Ext. 2295
Fax: (416) 628-5935