Guyana Frontier Proposes to Extend Warrants
VANCOUVER, April 28 /PRNewswire/ -- Guyana Frontier Mining Corp. ('Guyana Frontier' or the 'Company') intends to make an application to the TSX Venture Exchange ('TSX-V') to extend the expiry date of two separate issuances of common share purchase warrants.
Guyana Frontier proposes to extend the expiry date of 500,000 common share purchase warrants of the Company (the 'First Extended Warrants') issued as part of a private placement financing, which closed on May 13, 2009 (as announced in Guyana Frontier's news releases of April 28, 2009 and May 20, 2009). The First Extended Warrants are due to expire on May 13, 2011 and Guyana Frontier is filing with the TSX-V to have the expiry extended by 12 months to May 13, 2012. The other terms and conditions of the First Extended Warrants, including the exercise price of $1.20 per share, remain unchanged.
Guyana Frontier also proposes to extend the expiry date of 641,750 common share purchase warrants of the Company (the 'Second Extended Warrants') issued as part of a private placement financing, which closed on May 14, 2009 (as announced in Guyana Frontier's news releases of April 30, 2009, May 25, 2009 and June 10, 2009). The Second Extended Warrants are due to expire on May 14, 2011 and Guyana Frontier is filing with the TSX-V to have the expiry extended by 12 months to May 14, 2012. The other terms and conditions of the Second Extended Warrants, including the exercise price of $1.20 per share, remain unchanged.
The extension of the expiry dates of the First Extended Warrants and the Second Extended Warrants remains subject to the approval of the TSX-V.
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 Company'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 extension of the expiry dates of the First Extended Warrants and the Second Extended Warrants. 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. In particular, the extension of the expiry dates of the First Extended Warrants and the Second Extended Warrants conditional on the receipt of the approval of the TSX-V. 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 Company 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 uncertainty therein.
Guyana Frontier Mining Corp.
CONTACT:
For further information about Guyana Frontier, please visit our website
at http://www.guyanafrontier.com/ or contact Warren Stanyer, Chairman and Chief
Operating Officer, or David A. Bending, President and CEO, at
604-533-9288.