🕐12.01.10 - 10:41 Uhr
Guyana Goldfields Inc. Announces Filing of Short Form Preliminary Prospectus
January 11, 2010 (Toronto, Ontario): Guyana Goldfields Inc.
(TSX:GUY)
("Guyana" or the "Company"), a gold
exploration and development company, is pleased to announce that it has
filed today a short form preliminary
prospectus with the securities regulators in all the Provinces of Canada
(except Quebec), pursuant to which the
Company proposes to complete an offering of 10 million common shares upon
terms to be determined in the
context of the market (the "Offering").
Dahlman Rose & Company, LLC and
Scotia Capital Inc.
are acting as colead
underwriters and book-running managers for the offering along with a
syndicate of co-managers including
BMO Nesbitt Burns Inc., Cormark Securities Inc., TD Securities Inc., Thomas
Weisel Partners Canada Inc., and
Paradigm Capital Inc.
The net proceeds of the Offering will be used to further the previously
announced definitive feasibility study
undertaken by AMEC, Canada, to continue drilling and assaying of the
Companys Aurora and Aranka properties
in Guyana, South America, and for general corporate purposes.
The Offering
remains subject to the approval of
the Toronto Stock Exchange and applicable regulatory approvals.
The Company intends to grant the underwriters an option to purchase up to
1.5 million additional common shares
within 30 days following closing to cover over-allotments, if any, and for
market stabilization purposes.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in the United
States, nor shall there be any sale of the securities in any jurisdiction in
which such offer, solicitation or sale would
be unlawful.
The securities described herein have not been, and will not be,
registered under the United States
Securities Act of 1933, as amended (the "1933 Act"), or any state securities
laws and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements of the 1933
Act and applicable state securities laws.
For further information, please contact:
Guyana Goldfields Inc.
Jacqueline Wagenaar
Director of Investor Relations
Tel: 416-628-5936 Ext.2295, Fax: 416-628-5935
E-mail:
Website: www.guygold.com
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 Guyana,
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.