Guyana Frontier Closes Second Tranche of Private Placement
06 Juli 2012 - 1:09AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ VANCOUVER, July 9, 2012 /CNW/ -
Guyana Frontier Mining Corp. ("Guyana Frontier") is pleased to
announce that it has completed the second tranche (the "Second
Tranche") of a non-brokered private placement (the "Private
Placement"), initially announced in Guyana Frontier's news release
dated May 18, 2012. The Second Tranche, which closed Friday July 6,
2012, consisted of the issuance of an aggregate of 1,772,222 units
(each a "Unit") at a price of $0.06 per Unit, raising further gross
proceeds of $106,333. Each Unit is comprised of one common share of
Guyana Frontier and one common share purchase warrant (a
"Warrant"). Each Warrant will be exercisable to acquire one
additional common share of Guyana Frontier at an exercise price of
$0.10 per share, at any time for a one year period following
issuance. The proceeds of the Private Placement will be used for
the exploration of Guyana Frontier's mineral properties and for
general working capital purposes. All securities issued in the
Second Tranche will be subject to a four-month hold period pursuant
to applicable securities laws, expiring on November 7, 2012. There
are no finder's fees payable with respect to the closing of the
Second Tranche. The Private Placement has closed two tranches, with
the first tranche, which closed on June 8, 2012, consisting of the
issuance of an aggregate of 5,568,000 Units to raise gross proceeds
of $334,080 (see Guyana Frontier news release dated June 12, 2012).
The two tranches of the Private Placement have raised aggregate
gross proceeds of $440,413 through the issuance of a total of
7,340,222 Units. This news release does not constitute an offer to
sell or a solicitation of an offer to buy any of the securities in
the United States. The offer and sale of the Units has not been and
will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United
States or to or for the account or benefit of U.S. persons (as
defined in Regulation S under the U.S. Securities Act) unless an
exemption from such registration requirements is available. 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 Guyana Frontier'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 Guyana Frontier''s
plans with respect to the closing of further tranches of the
Private Placement and the total proceeds to be raised in the
Private Placement. 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, including the future state of the
financial markets and other economic factors. 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 Guyana
Frontier 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
ourwebsiteat www.guyanafrontier.com or contact Warren Stanyer,
President and CEO,at (604) 558-0077.
Copyright
(TSXV:GYG)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
(TSXV:GYG)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über (TSX Venture Börse): 0 Nachrichtenartikel
Weitere Guyana Frontier Mining Corp News-Artikel