TORONTO, Oct. 12, 2012 /CNW/ -Guyana Precious Metals Inc. (TSX-V: GPM) (the "Company") announces that it has granted effective October 12, 2012 an aggregate of 2,250,000 options to directors and employees of the Company with such options being exercisable until October 12, 2015 at an exercise price of $0.17. The options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.
GPM is led by an experienced management team with demonstrable project generation and development talents in Guyana. The Company is presently expanding the exploration and development of its Aremu and Peters Mine Properties; two of the four historical past gold producers in Guyana. GPM maintains an interest in acquiring additional key exploration and development properties in the country of Guyana.
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SOURCE: Guyana Precious Metals Inc.
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